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Please help if you really know accounting Ret The following production budget for the next four months was provided by Red Car Enterprises. April 614
Please help if you really know accounting Ret The following production budget for the next four months was provided by Red Car Enterprises. April 614 May 655 June 647 Production (units) July 627 Each finished unit requires four pounds of raw materials and the company wants to end each month with raw materials inventory equal to 30% of next month's production needs. Beginning raw materials inventory for April was 737 pounds. Assume direct materials cost $5 per pound Prepare a direct materials budget for April, May, and June (Round your intermediate calculations and final answers to the nearest whole dollar amount.) Answer is complete but not entirely correct. ZIRA CO. Direct Materials Budget For April, May, and June April May Budgeted production (units) Materials requirements per unit Materials needed for production (lbs.) Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Beginning inventory (lbs.) Materials to be purchased (lbs.) Cost per lb. Total budgeted direct materials cost For April, May, and June April May 614 655 5% 5 3,070 3,275 983 971 4,053 4,246 983 3,316 3,263 $ 5 $ 5 $ $ 16,580 $ 16,315 * $ June 647 5 3,235 188 3,423 971 2,452 5 12,260 units lbs. lbs lbs. lbs. lbs. lbs. per lb
Please help if you really know accounting
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