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Prepare the production cost report of the testing department for the month of July using weighted-average process costing. (Round Cost per EU answers to 2

Prepare the production cost report of the testing department for the month of July using weighted-average process costing. (Round "Cost per EU" answers to 2 decimal places.)

White Corporations budget calls for the following sales for next year:

Quarter 1

80,000

units

Quarter 3

60,000

units

Quarter 2

70,000

units

Quarter 4

90,000

units

Each unit of the product requires 2 pounds of direct materials. The companys policy is to begin each quarter with an inventory of product equal to 5% of that quarters estimated sales requirements and an inventory of direct materials equal to 20% of that quarters estimated direct materials requirements for production.

Required:

1. Determine the production budget for the second quarter.

2. Determine the materials purchases budget for the second quarter.

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Complete this question by entering your answers in oped Required 1 Required 2 Determine the production budget for the second quarter. WHITE CORPORATION Production Budget 2nd Quarter Budgeted sales Desired ending inventory Total units needed Beginning inventory Total units to produce Required 1 Required 2 Determine the materials purchases budget for the second quarter. WHITE CORPORATION Budgeted Purchases of Direct Materials (In lbs.) 2nd Quarter Budgeted production Direct materials (lbs.) per unit produced Direct materials needed in production Desired ending inventory of direct materials (lbs.) Total direct materials needed Prey 15 of 10

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