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10) Apex Industries has projected the following production budget for the first four months of 2019. January February March April 10,000 Units 8,000 Units 5,000
10) Apex Industries has projected the following production budget for the first four months of 2019. January February March April 10,000 Units 8,000 Units 5,000 Units 4,000 Units Each unit requires 3 pounds of material which costs $ 4.50 per pound. At the beginning of January, the stock of Raw Materials was 10,000 pounds. Management requires a closing inventory of raw materials equal to 25% of the next month's production. Required: Prepare a monthly direct Materials Purchases Budget for the first quarter of 2019. 10 Marks
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