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please show how to get the answers too Marcy Jones, Marigold & Hill Fabricators purchasing manager, has just received the company's production budget for the

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Marcy Jones, Marigold & Hill Fabricators purchasing manager, has just received the company's production budget for the first quarter January February March Quarter Budgeted Production 16,925 31.455 27.913 76,293 Budgeted sales of April is 23,780 and its beginning inventory is 3,805, May month budgeted sales is 18.860. Company policy requires an ending finished goods inventory each month that will meet 16% of the following month's sales volume. Each brick requires 4.00 pounds of clay, and Marcy expects to pay 50.33 per pound of day in the coming year. Company policy requires an ending direct materials inventory each month that will meet 896 of the following month's production needs. Marty expects to have 15.498 pounds of clay at a cost of $6,199 in inventory at the beginning of the year. Prepare Marigold & Hill's direct materials purchases budget for the first quarter. (Round answers to decimal places es 5275 and enter price per pound to 2 decimal places eg 52.75) January February March January February March Budgeted production V 16925 31455 27913 Standard pounds per unit 4 4 Production needs 67700 125820 111652 Budgeted ending inventory Total DM required (lbs.) Beginning inventory Budgeted purchases (lbs.) Standard cost per pound v Budgeted purchases cost February March Quarter 16925 31455 27913 76293 4 4 4 4 67700 125820 111652 305172 $ $ $ $ $ $ $

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