Check my work Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia Three cubic centimeters ice of solvent H300 are required to manufacture each unit of Supermix, one of the company products. The company now is planning low materials needs for the third quarter, the quarter in which peak sales of Supermt occur. To keep production and sales moving smoothly, the company has the following inventory requirements 6. The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 25% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 18 250 units b The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 81.375 cc of solvent H300 c. The company maintains no work in process inventories A monthly sales budget for Supermix for the third and fourth quarters of the year follow 51,00 July pest September Octob ter December 60.000 48,00 10.00 Required: Nav Check my work 3. Prepare a direct materiais budget showing the quantity of solvent H300 to be purchased for Juy, August, ond September, and for the quarter in total Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total August September Third Quarter CC CC Peart Products Limited Direct Materials Budget July Required production in units of finished goods Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add Desired units of ending raw materiale inventory Total units of raw materiais needed Les Units of beginning raw materias inventory Units of raw materials to be purchased Check my work Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 25% of the next month's b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 81,375 cc of solvent H300 c. The company maintains no work in process inventories. A monthly sales budget for Supermix for the third and fourth quarters of the year follows Budited July August September October Tovember December Unit Sales 53,000 53,000 68,000 48,000 38,000 28.000 Required: tu 210 Prepare a production budget for Supermix for the months July, August, September, and October Pearl Products Limited Production Budget July 53,000 + August 58,000 September 68,000 October 48,000 Budgeted unit sales Add: Desired units of ending finished goods inventory Total needs Less: Units of beginning finished goods inventory Required production in units Required Required 3 >
