In producing a glass-based product, Young-Ho Nam Indus- tries, located near Seoul, Republic of Korea, uses 10 pounds of Material R and 2 pounds of Material S. All materials are purchased one month before the units are scheduled for completion. The production cycle takes less than one day, and all units of product are sold in the following month.

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Materials costs (in won) per unit are estimated to be W4 for Material R and W7 for Material S. A production plan for June 1998 through January 1999 inclusive is: Units to Be Completed: Units to Be Completed: June 1998. July 1998 August 1998. September 1998. Required: 42,000 October 1998. 51,000 46,000 November 1998 54,000 48,000 December 1998. 60,000 47,000 January 1999. 65,000 1. Prepare a monthly schedule for the last six months of 1998 showing how many pounds of each materials should be purchased. 2. Convert the materials purchases budget in pounds into Korean won (W). 3. Compute the cost of materials in cost of goods sold for October, November, and December.