Key Co. manufactures beanies. The budgeted units to be produced and sold are below: August September...

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Key Co. manufactures beanies. The budgeted units to be produced and sold are below: August September Expected Production 6.500. 7.000 Expected Sales 6,200 7,100 It takes 5 metres of yarn to produce a beanie. The company's policy to maintain yarn at the end of each month equal to 25% of the next month's production needs and to maintain a finished goods inventory at the end of each month equal to 30% of next month's anticipated production needs. The cost of yarn is $0.75 a metre. At August 1, 4.250 metres of yarn were on hand. Prepare a materials purchases budget for August. Beginning Inventory in units + Production in units - Ending Inventory in units = Sales in units Beginning Inv of Materials + Purchases of Raw Materials Ending Inventory of Raw Materials = Raw Materials required for Production Key Co. manufactures beanies. The budgeted units to be produced and sold are below: August September Expected Production 6.500. 7.000 Expected Sales 6,200 7,100 It takes 5 metres of yarn to produce a beanie. The company's policy to maintain yarn at the end of each month equal to 25% of the next month's production needs and to maintain a finished goods inventory at the end of each month equal to 30% of next month's anticipated production needs. The cost of yarn is $0.75 a metre. At August 1, 4.250 metres of yarn were on hand. Prepare a materials purchases budget for August. Beginning Inventory in units + Production in units - Ending Inventory in units = Sales in units Beginning Inv of Materials + Purchases of Raw Materials Ending Inventory of Raw Materials = Raw Materials required for Production