Business, 18.06.2020 04:57 camco301

Preparing production budget and direct materials budget The sales department of P. Gillen Manufacturing Company has forecast sales in March to be 20,000 units. Additional information follows: Finished goods inventory, March 1 . 3,000 units Finished goods inventory required, March 31 1,000 units Materials used in production: Required
Inventory Inventory Standard
March 1 March 31 Cost
A (one gallon per unit) . . . . . . . . . . . . . . 500 gal 1,000 gal $2 per gal
B (one pound per unit) . . . . . . . . . . . . . . 1,000 lb 1,000 lb $1 per lb
Prepare the following:.
a. A production budget for March (in units).
b. A direct materials budget for the month (in units and dollars).

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Preparing production budget and direct materials budget The sales department of P. Gillen Manufactur...

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