Caspion Corporation makes and sells ... Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 75 kilograms of the raw material Jurision. Budgeted production of Miniwarps for the next five months is as follows: August September October November December
23,100 units 21, 800 units 23,200 units 24,400 units 24, 100 units
The company wants to maintain monthly ending inventories of Jurislon equal to 25% of the following month's production needs. On July 31. this requirement was not met since only 11,300 kilograms of Jurislon were on hand. The cost of Jurislon is $23 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months. The total cost of Jurision to be purchased in August is: