Practice Problem Question, need help!

Production Budget and Direct Materials Purchases Budgets Peanut Land Inc. produces all-natural organic peanut butter. The peanut butter is sold in 12-ounce jars. The sales budget for the first four months of the year is as follows: January February March April Company policy requires that ending inventories for each month be 20% of next month's sales. At the beginning of January, the inventory of peanut butter is 36,000 jars Unit Sales 40,000 85,000 50,000 58,000 Dollar Sales ($) 80,000 170,000 100,000 116,000 Each jar of peanut butter needs two raw materials: 24 ounces of peanuts and one jar. Company policy requires that ending inventories of raw materials for each month be 20% of the next month's production needs. That policy was met on January 1 Required Prepare a direct materials purchases budget for peanuts for the months of January and February Peanut Land Inc. Direct Materials Purchases Budget for Peanuts For January and February anuary February Total Production Ounces Ounces for production Desired ending inventory Total needs Less Beginning inventory Ounces purchased