Question
GOLDEN Corporation budgeted the following production for year 2021 as the following Quarter Budgeted production/units First 45000 Second 38000 Third 34000 Fourth 48000 Each unit
GOLDEN Corporation budgeted the following production for year 2021 as the following
| Quarter | Budgeted production/units |
| First | 45000 |
| Second | 38000 |
| Third | 34000 |
| Fourth | 48000 |
Each unit of product requires 5 pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 25% of that quarter's direct material requirements. The budgeted production of the first quarter of year 2022 is 50000 units.
Requirement: Prepare budgeted direct materials purchases for year 2021.
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Security And Loss Prevention An Introduction
Authors: Philip Purpura CPP Florence Darlington Technical College
7th Edition
0128117958, 9780128117958
