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Please find the attachment. Homework question for Cost Accounting. fKiwiCorp has the following budgeted sales: Month Unit Sales July 1,000 August 1,200 There were 200

Please find the attachment. Homework question for Cost Accounting.

image text in transcribed \fKiwiCorp has the following budgeted sales: Month Unit Sales July 1,000 August 1,200 There were 200 units of finished goods in inventory at the beginning of July. Plans are to have an inventory of 400 finished units at the beginning of next month. Four (4) pounds of materials are required for each unit produced. Each pound of material is expected to cost $5 in July. Beginning inventory of direct materials is 400 pounds at a cost per pound of $4.75. Target ending inventory for materials is equal to 10% of the sales requirements for the next month. Required: a. Prepare a production budget for July. b. Prepare a direct materials usage budget for July. c. Prepare a direct materials purchases budget for July

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