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I am also messing up the accounts names please help Exercise 10.20 Samano Industries has adopted the following production budget for the four quarters of
I am also messing up the accounts names please help
Exercise 10.20 Samano Industries has adopted the following production budget for the four quarters of 2020: Quarter 1 6,000 Quarter 2 7,800 Quarter 3 8,800 Quarter 4 10,100 Units Each unit requires 3 kg of raw materials costing $6 per kilogram. On December 31, 2019, the ending raw materials inventory was 1,900 kg. Management wants to have a raw materials inventory at the beginning of each quarter equal to 30% of the current quarter's production requirements. The production budget for the first quarter of 2021 will be 11,700 units. Prepare a direct materials purchases budget by quarters for 2020. SAMANO INDUSTRIES Direct Materials Purchases Budget (kg) For the year ending December 31, 2020 Quarter | ta A | Units To Be Produced Kilograms Per Unit Cost Of Kilogram Total Materials Required Desired Ending Inventory Beginning Inventory Direct Materials Purchases Total Required For Production Total Cost Of Materials PurchasesStep by Step Solution
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