Business, 27.05.2020 17:58 Bekks

Marcy Jones, Sunland & Hill Fabricators' purchasing manager, has just received the company's production budget for the first quarter. January February March Quarter Budgeted Production 11,830 23,882 21,254 56,966 Budgeted sales of April is 17,980 and its beginning inventory is 2,158. May month budgeted sales is 14,260. Company policy requires an ending finished goods inventory each month that will meet 12% of the following month’s sales volume. Each brick requires 3.00 pounds of clay, and Marcy expects to pay $0.25 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 6% of the following month's production needs. Marcy expects to have 11,718 pounds of clay at a cost of $4,687 in inventory at the beginning of the year. Prepare Sunland & Hill's direct materials purchases budget for the first quarter. (Round answers to 0 decimal places, e. g. 5,275 and enter price per pound to 2 decimal

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Marcy Jones, Sunland & Hill Fabricators' purchasing manager, has just received the company's pro...

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