Morgan Inc. predicts sales of 4,000 frames in May and 14,000 in June. Target end of month finished-goods inventory is 10% of next month's sales. The company wants RM ending inventory to cover 20% of next months needs. The frames each require 2 pieces of trim to manufacture and each trim costs $3 per piece. The frames also require three hours of labor. The direct labor rate is $10 per hour.

5. If June's budget production = 6000 frames. What is the desired inventory of Raw Materials at the end of May?

6. What was the beginning raw matarials inventory for May?

7. Prepare a May materials usage budget for Morgan Inc. if June's budgeted production = 6000 frames. How many pieces of trim must be purchaed in May?

8. Prepare a May materials usage budget for Morgan Inc. if June's production = 6000 frames. What is the total budgeted Raw Materials Cost for May? (Give your answers in dollars)