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2 Knit Manufacturing Company has estimated its 2008 production requirements to be as follows: Month Units April 1,500 May 2,000 June 2,500 July 2,800 The
2 Knit Manufacturing Company has estimated its 2008 production requirements to be as follows: Month Units April 1,500 May 2,000 June 2,500 July 2,800 The company would like to maintain the closing stock for direct materials at 35% of the following month's production. The price per unit is RM20, and it takes one unit of direct material to produce one unit of finished product. REQUIRED Prepare a direct materials purchases budget for the second quarter (April, May and June) of 2008
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