Ending ifventory for DecemberPreparing a Drect Materisls Purchases Budget

Patrick lec. makes industrial solvents sold in $5-$gallon drum containers. Planned production in units for the first $3$ months of the coming year is:

Exch drum requines $6$ gallors $d$ chemicals and one plastic drum container. Company policy requires that ending inventories of raw materials for each month be $20\%$ of the next

month's production needs. That policy was met for the ending inventory of December in the prior year. The cost of one gallon of chemicals is $$2\mathrm{.}00.$ The cost of one drum is

$$1\mathrm{.}60.$

Required:

Calculate the ending inveritory of chemicals in gallons for December of the prior year, and for January and February. What is the beginning inventory of chemicals for

$3$anumerif Round your answers to the nearest whole gallon.

Ensing imventory for December

gatlons

troing wnentory for January

gallons

Ensing inventory for February

gallons

Begering invemory for January

avllons

values to the nearest whole unit. Do not include a multiplication symbol as part of your answer.

units

foding irventocy for January

units

Ending inventery for Februany

units

Prepare a direct matenals purchases budget for drums for the months of Janury and February. Round Dollar purchases to the nearest dollar. Round all the other

values to the nearest whole unit. Do not include a nultiplication symbol as part of your answer.

Patrick Inc.

Direct Materials Purchases Budget $-$ Drums

For the Months of January and February

requirement$1$: calculate the ending inventory of chemcicals in gallons for december of the prior year, and for january and february. what is the beginning inventory of chemicals in january?$($round your answers to the nearest whole gallon$).$

requirement $2$: prepare a direct materials purchaes budget for chemcials for the months of january and febuary,. $($round dollar purchases to the nearest dollar. round all the other values to the nearest whole unit. do not include a multiplication symbol as part of your answer$).$

requirement $3$: calculate the ending inventory of drums for december for the prior year, and for january and february.$($round your answers to the nearest whole unit.$)$

requirement $4$: prepare a direct materials purchases budget for drums for the months of january, february.$($round dolla purchases to the nearest dollar. round all the other values to the nearest whole unit. do not include a multiplication symbol as part of your answer.$)$