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$ 1 3 , 0 0 0 per month. The company's policy is to end each month with direct materials inventory equal to 3 0
$ per month. The company's policy is to end each month with direct materials inventory equal to of the next mont materials requirement. At the end of August the company had pounds of direct materials in inventory. The company's production budget reports the following.
tableProduction Budget,September,October,NovemberUnits to produce,
Prepare direct materials budgets for September and October.
Prepare direct labor budgets for September and October.
Prepare factory overhead budgets for September and October.
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Prepare direct materials budgets for September and October.
tableMCO LeatherDirect Materials BudgetSeptember,OctoberUnits to produceMaterials required per unit poundsMaterials needed for production poundsAdd: Beginning materials inventoryTotal materials required poundsLess: Beginning materials inventoryMaterials to purchase poundsBudgeted units sales for monthCost of direct materials purchases,$$
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