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0.5/1 Question 5 View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, the Blossom Company budget committee has reached agreement on
0.5/1 Question 5 View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, the Blossom Company budget committee has reached agreement on the following data for the 6 months ending June 30, 2020 Sales units: First quarter 5,000; second quarter 6,900; third quarter 8,000. Ending raw materials inventory: 40% of the next quarter's production requirements. Ending finished goods inventory: 25% of the next quarter's expected sales units. Third-quarter production: 7,640 units. The ending raw materials and finished goods inventories at December 31, 2019, follow the same percentage relationships to production and sales that occur in 2020.5 pounds of raw materials are required to make each unit of finished goods. Raw materials purchased are expected to cost $6 per pound. Prepare a direct materials budget by quarters for the 6-month period ended June 30, 2020, BLOSSOM COMPANY Direct Materials Budget For the Six Months Endine June 30, 2020 V Quarter 2 1 Six Months Units to be produced 7175 Direct Materials Per Unit Total Pounds Needed for Production Add : Desired Ending Direct Materials (Pounds) Total Materials Required Less : Beginning Direct Materials (Pounds) Direct Materials Per Unit Cost Per Pound Total Cost of Direct Materials Purchases
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