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Please answer the boxes not filled out. Thank you! Marcy Jones, Bates & Hill Fabricators purchasing manager, has just received the company's production budget for

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Marcy Jones, Bates & Hill Fabricators purchasing manager, has just received the company's production budget for the first quarter. January February March Quarter 25,000 28,000 32,000 85.000 5.600 6,400 6,800 6,800 Budgeted unit sales Budgeted ending inventory Total units required -Beginning inventory Budgeted production 30,600 34.400 38.800 91,800 3.200 5,600 6,400 3,200 27.400 28,800 32,400 88,600 Budgeted sales for Aprilis 34,000 units and for May is 26,000 units. Each brick requires 6 pounds of clay, and Marcy expects to pay $1.50 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 10% of the following month's production needs. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume. Marcy expects to have 15.000 pounds of clay at a cost of $22,500 in inventory at the beginning of the year. Prepare Bates & Hill's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, es 52.75.) January February March Budsted production 27400 28800 January February March Budgeted production 27400 28800 32400 Standard pounds per unit 6 6 Production needs 164400 172800 194400 Budgeted ending inventory 17280 19440 Total DM required (lbs) 181680 192240 Beginning inventory 15000 17280 19440 i Budgeted purchases (bs) 166680 174960 Standard cost per pound $ 1.50 1.50 $ 1.50 Budgeted purchases cost 250020 262440 January February March Quarter 27400 28800 32400 88600 6 6 6 164400 172800 194400 531600 17280 19440 181680 192240 15000 17280 19440 166680 174960 1150 1.50 1.50 $ 1.50 250020 S 262440 $

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