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Bonita Industries has adopted the following production budget for the four quarters of 2022: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units 5,800 8,000
Bonita Industries has adopted the following production budget for the four quarters of 2022: Quarter 1 Quarter 2 Quarter 3 Quarter 4 Units 5,800 8,000 8,800 10,100 Each unit requires 3 kg of raw materials costing $6 per kilogram. On December 31, 2021, the ending raw materials inventory was 1,740 kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the first quarter of 2023 will be 12,200 units. Prepare a direct materials purchases budget by quarters for 2022. BONITA INDUSTRIES Direct Materials Purchases Budget (kg) For the year ending December 31, 2022 Quarter 1 2 3 $ $ $ $ BONITA INDUSTRIES Direct Materials Purchases Budget (kg) For the year ending December 31, 2022 Quarter 1 2 3 4 $ $ $ $ $ $
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