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sales budget is given below for one of the products manufactured by the OMICo: The inventory of finished goods at the end of each month
sales budget is given below for one of the products manufactured by the OMICo: The inventory of finished goods at the end of each month must equal of the next months sales. However, on December the finished goods inventory totalled only mits. tion of Each unit of product requires three kilograms of specialized material. Since the production of this specialized material by OMI's suppliers is sometimes irregular, the company has a policy of maintaining an ending inventory at the end of each month equal to of the next months production needs. This requirement had been met on January of the curent year. Required: Prepare a budget showing the quantity of material to be purchased each month for January, February, and March, and in total for the quarter
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