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The drop down options: Concord Chemicals has developed a new window cleaner that requires two ingredients, AM972 and CA38. Based on forecasted sales, Concord has
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Concord Chemicals has developed a new window cleaner that requires two ingredients, AM972 and CA38. Based on forecasted sales, Concord has developed the following budgeted production for the coming year 1st Quarter Next Year 1st Quarter 5,920 2nd Quarter 7,740 3rd Quarter 9,360 4th Quarter 13,950 Forecasted production (gallons) 7,810 Each gallon of window cleaner requires 130 ounces of AM972 and 30 ounces of CA38. An ounce of AM972 costs Concord $0.13. An ounce of CA38 costs the company $0.24. Concord's inventory policy requires ending inventory equal to 20% of the next quarter's production needs. At the eginning of e ear, Concorde pe t have 80,000 ounces of AM972 and 30,000 ounces of CA38 on hand. Prepare Concord's AM972 purchases budget for the coming year. (Round answers to 0 decimal places, e.g. 5,275 and enter price per ounce to 2 decimal places, e.g. 0.35.) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual
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