Dewitt industries has adopted the following production budget for the first 4 months of 2020. month units month units january 10,000 march 5,000 february 8,000 april 4,000 each unit requires 2 pounds of raw materials costing $3 per pound. on december 31, 2019, the ending raw materials inventory was 4,000 pounds. management wants to have a raw materials inventory at the end of the month equal to 20% of next month’s production requirements. prepare a direct materials purchases budget by month for the first quarter.
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Dewitt industries has adopted the following production budget for the first 4 months of 2020. month...
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