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Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 9.5 kilograms of the raw material Jurision, Budgeted production of Miniwarps for
Caspion Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 9.5 kilograms of the raw material Jurision, Budgeted production of Miniwarps for the next five months is as follows: August September October November December 23, 300 units 22,000 units 23,400 units 24,600 units 24,300 units The company wants to maintain monthly ending inventories of Juriston equal to 25% of the following month's production needs. On July 31, this requirement was not met since only 11,500 kilograms of Jurision were on hand. The cost of Jurision is $25 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months. The total cost of Jurision to be purchased in August is
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