Exercise 24-08 a-b Fuqua Companys sales budget projects unit sales of part 198Z of 10,500 units in January, 12,900 units in February, and 13,800 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $5 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next months production requirements, and its ending finished goods inventory to equal 20% of the next months expected unit sales. These goals were met at December 31, 2019.

Exercise 24-08 a-b Fuqua Company's sales budget projects unit sales of part 1987 of 10.500 units in January, 12,900 units in February, and 13,800 units in March. Each unit of part 1987 requires 4 pounds of materials, which cost $5 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2019 Your answer is partially correct. Try again. Prepare a production budget for January and February 2020. RUQUA COMPANY Production Budget For the Two Months Ending February 28, 2020 January February Expected Unit Sales 10500 12900 Desired Ending Finished Goods Inventory 2580 2760 Total Required Units 13080 T 15660 Beginning Finished Goods Inventory 2580 Required Production Units 13080 Your answer is partially correct. Try again. Prepare a direct materials budget for January 2020. FUQUA COMPANY Direct Materials Budget For the Month Ending January 31, 2020 January / Units To Be Produced 10500 Direct Material Pounds Per Unit Total Pounds Needed for Production 42000 Desired Pounds in Ending Materials Inventory 16800 tal Materials Required 58800 eginning Direct Materials (Pounds) Direct Materials Purchases Cost Per Pound Total Cost of Direct Materials Purchases Click if you would like to Show Work for this question: Open Show Work