Preparing a Direct Materials Purchases Budget

Patrick Inc. makes industrial solvents sold in $5-$gallon drum containers. Planned production in units for the first $3$ months of the coming year is:

$$2\mathrm{.}00.$ The cost of one drum is $$1\mathrm{.}60.$

Required:

Ending inventory for December

$x$ gallons

Ending inventory for January

X gallons

Ending inventory for February

$x$ gallons

Beginning inventory for January

gallons

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Prepare a direct materials purchases budget for chemicals for the months of January and February. Do not include a multiplication symbol as part of your answer.

Patrick Inc.

Direct Materials Purchases Budget $-$

Chemicals in Gallons