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ABC Corp has following data for preparing the materials purchase budget Q1 Required Production in units 6,708.00 Q2 Required Production in units 5,848.00 Q3 Required
ABC Corp has following data for preparing the materials purchase budget Q1 Required Production in units 6,708.00 Q2 Required Production in units 5,848.00 Q3 Required Production in units 5,332.00 Q4 Required Production in units 6,278.00 1st Quarter Beg raw materials inventory in kg2683.20 1st Quarter Beg Accounts Payable $12,745.200 Each unit materials weight in kg1.72 Each kg costs $3.44 Desired Inventory is 17.20% of next quarter purchase Desired ending inventory for 4th quarter in kg2700.40 80% of Current quarter purchase paid in current quarter 20% of Current quarter purchase paid in next quarter
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