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I need help with the desired ending inventory of direct materials and the total quantity needed. Thanks so much! %E9-22A (similar to) Question Help O

image text in transcribedimage text in transcribedI need help with the desired ending inventory of direct materials and the total quantity needed. Thanks so much!

%E9-22A (similar to) Question Help O Smith Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 750 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires two pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.20 per pound. Rep 0 Data Table 3,000 3,200 January ...... February ..... March April ......... bf the year, 3,100 4,200 4,000 May ......... Print Done January February March 3,050 9,600 Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity needed for production Plus: Desired ending inventory of direct materials Total quantity needed 3,175 3,375 22_ 6,350 6,750 1,350 7,700 6,100 1,270 7,370 19,200 Enter any number in the edit fields and then click Check Answer. Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. Smith Manufacturing Direct Materials Budget For the Months of January through March January February Units to be produced 3,050 3,175 Multiply by: Quantity of direct materials needed per unit 2 Quantity needed for production 6,100 6,350 Plus: Desired ending inventory of direct materials 1,350 Total quantity needed 7,370 7,700 March 3,375 Quarter 9,600 6.750 19,200 1,270 Enter any number in the edit fields and then click Check

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