B DIRECT MATERIAL PURCHASES BUDGET The Citizens Against Gun Violence Foundation has contracted with a company called Quality T Shirt Company to make the shirts. The following information relates to the quantities and costs of the cotton fabric needed to make the shirts: 8 39 Each shirt requires 2 yards of cotton fabric at a cost of $5 per yard. 40 41 Assume the company maintains an inventory of cotton fabric equal to 20% of the next month's 42 production needs. At the beginning of the year, 48.000 yards of cotton fabric are on hand. 43 Inventory of cotton fabric at June 30th is estimated to be 67,200 yards. 44 DIRECT MATERIALS PURCHASES BUDGET 45 Not a part of the Budget Period July 46 June April May 47 48 49 Units to be produced (from production budget) SO Multiplied by : 51 52 53 Yards of cotton needed for production Add: ??? 54 55 56 57 Total Yards Needed 58 59 Less: ??? 60 61 Yards to be purchased 62 53 Multiplied by?? 65 Cost of Direct Materials to be purchased 66 Sheet1 B DIRECT MATERIAL PURCHASES BUDGET The Citizens Against Gun Violence Foundation has contracted with a company called Quality T Shirt Company to make the shirts. The following information relates to the quantities and costs of the cotton fabric needed to make the shirts: 8 39 Each shirt requires 2 yards of cotton fabric at a cost of $5 per yard. 40 41 Assume the company maintains an inventory of cotton fabric equal to 20% of the next month's 42 production needs. At the beginning of the year, 48.000 yards of cotton fabric are on hand. 43 Inventory of cotton fabric at June 30th is estimated to be 67,200 yards. 44 DIRECT MATERIALS PURCHASES BUDGET 45 Not a part of the Budget Period July 46 June April May 47 48 49 Units to be produced (from production budget) SO Multiplied by : 51 52 53 Yards of cotton needed for production Add: ??? 54 55 56 57 Total Yards Needed 58 59 Less: ??? 60 61 Yards to be purchased 62 53 Multiplied by?? 65 Cost of Direct Materials to be purchased 66 Sheet1