BEST MATCH Question is not relevant Chicago Furniture Company Production & Material Purchases Budget Input information Month Number of desk combos July 8,000 August 8,700 September 7,600 October 8,700 November 8,800 Ending inventory 40 % of the following m July ist inventory 3,200 Number of feets required 12 Cost per foot $ 0.70 Ending material 30 % of the next month Solution Production budget Ending inventory 40 % August July August Units of sales 8,000 8,700 Budget Ending Inventory 3,480 3,040 Sales + Ending 11,480 11,740 Less Beginning = prior month-end ( 3,200 ) ( 3,480 ) = Unit Production 8,280 8,260 Material purchase budget Cost/ foot Quantity per unit in feet 12.00 $ 0.70 July August budgeted production Units 8,000 8,700 DM required per Unit 12 12 DM required for peroduction 96,000.00 104,400.00 Add budgeted Ending DM 41,760 36,480 Less opening DM 38,400 41,760 99,360 99,120 Budgeted DM purchases 130,680 $ 126,480 cost per DM unit $ 8.40 $ 8.40 budgeted DM purchases in $ $ 1,097,712.00 $ 1,062,432.00 Qty . Purchase [ additions ] of Raw material 31,320 27,360 Answer Get access to view all