Question: Show your work and label all numbers Soster makes and sells buckles. Each buckle uses ( 1 / 3 ) ounce of silver.

Show your work and label all numbers
Soster makes and sells buckles. Each buckle uses \(1/3\) ounce of silver. Budgeted production of buckles in units for the next three months is as follows:
The company wants to maintain monthly ending inventories of silver equal to \(20\%\) of the following month's budgeted production needs. Silver costs \(\$ 16\) per ounce. Soster pays \(30\%\) of purchases in the month purchased, and \(70\%\) in the next month.
Required
a) Prepare a direct materials purchases budget (in ounces) for March and April.
b) Independent of your answer in Part a), assume Soster purchased 4,000 ounces of silver in March, and 4,500 ounces of silver in April. Prepare a schedule determining the budgeted payments to silver suppliers in April.
 Show your work and label all numbers Soster makes and sells

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