1. Amazing Company has assumed the following for their 2021 budget, which begins July 1, 2020: The estimated inventories on July 1, 2020, for finished goods, work in process, and materials were $245,000, $84,000 and $90,000 respectively. Also, the desired inventories on June 30, 2021, for finished goods, work in process, and materials were $275,000, $96,000 and $100,000 respectively. Direct material purchases were $647,000. Direct labor was $632,000 for the year. Factory overhead was $312,000. Prepare a cost of goods sold budget for the company

He aldermanalderman company has prepared a sales budget of 42 comma 00042,000 finished units for a 3-month period. the company has an inventory of 10 comma 00010,000 units of finished goods on hand at december 31 and has a target finished goods inventory of 11 comma 00011,000 units at the end of the succeeding quarter. it takes 44 gallons of direct materials to make one unit of finished product. the company has inventory of 64 comma 00064,000 gallons of direct materials at december 31 and has a target ending inventory of 53 comma 00053,000 gallons at the end of the succeeding quarter. how many gallons of direct materials should aldermanalderman company purchase during the 3 months ending march 31? select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased.