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Questions The following me to in the production department of Clinton Cou Units produced Second First Quarter Quarter 15.000 25.000 Third Quarter Fourth Quarter 10.000
Questions The following me to in the production department of Clinton Cou Units produced Second First Quarter Quarter 15.000 25.000 Third Quarter Fourth Quarter 10.000 35.000 Other information found in the production department includes: Prior Year Ending RM Inventory 13,125 Prior Year Ending A/P $ 18.750 Pounds of RM per unit 3.5 RM Cost per pound $ 3.00 The ending raw material inventory per month should be 25% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 2,700 pounds, Management plans to pay for 55% of the raw material purchases in the quarter bought and 45% in the following quarter. Question: own quarter Question Given the data, the second quarter direct materials budget should be: Direct Materials Budget Second First Quarter Quarter Required Production Fourth Third Quarter Quarter Raw Materials Per Unit Production Needs Add Desired End Inv Total Needs Less Beg Inv RM to be purchased Costs of Raw materials per pound $ $ 3.00 ta $ 3.00 $ 3.00 $ 3.00 Cost of DM Purchased
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