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Exercise 5-13 Concord Auto has developed the following production plan for its new auto part. January 11,850 February March 8,400 9,680 April 13,630 Budgeted production

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Exercise 5-13 Concord Auto has developed the following production plan for its new auto part. January 11,850 February March 8,400 9,680 April 13,630 Budgeted production (units) Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 123% of the next month's production needs, plus an additional 563 pounds. January's beginning inventory requirements equal 123% of the current month's production needs, plus an additional 563 pounds. Prepare the direct materials purchases budget for the first three months of the coming year. (Round answers to 0 decimal places, e.g. 5,275.) January February March Quarter

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