2)ABC Corp has following data for preparing the materials purchase budget

Q1Required Productionin units 6,864.00

Q2Required Productionin units 5,984.00

Q3Required Productionin units 5,456.00

Q4Required Productionin units 6,424.00

1stQuarter Beg raw materials inventory 2745.60 kg

1stQuarter Beg Accounts Payable $13,041.600

Each unit materials weight in kg 1.76

Each kg costs $3.52

Desired Inventory is % of next quarter purchase 17.60%

Desired ending inventory for 4th quarter in kg 2763.20

80% of Current quarter purchase paid in current quarter

20% of Current quarter purchase paid in next quarter