Group Practice Problems Problem #1 Q1 Q2 Q3 Q4 Q5 Sales 400 300 350 500 450 Usage of DM for production = 2 gallon/unit; Budgeted cost for DM: $5/gallon for Q1, and $6/gallon for Q2-25 Beg. Inv. of Finished Goods = 100; Beg. Inv. Of DM = 30; Target Finished Goods = 20% of Next Quarter's Sales Target DM = 10% of Next Quarter's Usage 1) Determine DM usage (in gallons) for Q1-Q4 2) Determine DM purchases for Q1-Q3 in both gallons and dollars 3) Determine DM usage budget for Q2 in dollars