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Can someone help explain the wrong answers _ Your answer is partially correct. DeWitt Industries has adopted the following production budget for the first 4
Can someone help explain the wrong answers
_ Your answer is partially correct. DeWitt Industries has adopted the following production budget for the first 4 months of 2017. Month Units Month Units 10,000 March 5,000 January February 8,000 April 4,000 Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31, 2016, the ending raw materials inventory was 4,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. DEWITT INDUSTRIES Direct Materials Purchases Budget For the Quarter Ending March 31, 2017 January February March 19200 14000 7600 3 $ 3 ta $ 3 $ $ terials Purchases 57600 $ 42000 $ 22800Step by Step Solution
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