The marketing department of Goberstries has sued the following a forecast for the upcoming Escal year 6 ODA 0.100 9.160 9.900 0 The company expects to start the fronter with 1620 units in finished goods inventory Management desires ning finished goods Invertory in each quarter equal to 20% of the next content budgeted sales. The desired ending red goods ventory for the fourth can 1190 units aos to the beginning raw materials tory for the test aners budgeted to be 5.000 lograms and the beginning accounts bable for the first quarter ale budgeted the $16.720 Each unten wo kilograms of raw material the cost per logom. Management desires to and each cute Inventory of raw mates equal to 20% of the following quarters production needs. The desired ending inventory for the fourth Quarter 3.330 ogram Management plans to pay for 66% of raw material purchases in the quarter scored and in the following qua Required 1. Prepare the company's production budget for ine upcoming you TO GARBER NOSTRES Productos Tal Outer Bahan . aduate 7.00 Der Todel Dery Peredo 6 2 are recommebogel GEBERIOUS HONE foto sted 25. Pepee hoor were your onwee sweet WWW www NOW LE The marketing department of Gaeber Industries has submitted the following sales forecast for the upcoming fiscal year. 1st Quarter 8,100 2nd Quarter 7,100 3rd Quarter 5.900 4th Quarter 7,100 Budgeted sales (units) The company expects to start the first quarter with 1,620 units in finished goods inventory Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,890 units. In addition, the beginning raw materials inventory for the first quarter is budgeted to be 5,020 kilograms and the beginning accounts payable for the first quarter are budgeted to be $16.720. Each unit requires two kilograms of raw material that costs $8 per kilogram Management desires to end each quarter with an inventory of raw materials equal to 20% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3,330 kilograms. Management plans to pay for 65% of raw material purchases in the quarter acquired and 35% in the following quarter. Required: 1. Prepare the company's production budget for the upcoming fiscal year. GAEBER INDUSTRIES Production Budget 1st Quarter 2nd Quarter 8.10 7.100 3rd Quarter Year 4th Quarter 7,100 5.900 Budgeted sales (units) Add: Desired ending inventory Total units needed Deduct: Beginning inventory Required production 2-a. Prepare the company's direct materials budget. GAEBER INDUSTRIES Direct Materials Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Production needs (kilograms) Add: Desired ending inventory Total needs (kilograms) Deduct: Beginning inventory Raw materials to be purchased (kilograms) Cost of raw materials to be purchased 2-b. Prepare the schedule of expected cash disbursements for materials for the upcoming fiscal year. (Round your ans nearest whole dollar amount Cost of raw materiais puudu 2-b. Prepare the schedule of expected cash disbursements for materials for the upcoming fiscal year. (Round your answer to the nearest whole dollar amount.) ECCO 4th Quarter Year GAEBER INDUSTRIES Schedule of Expected Cash Disbursements for Materials 1st Quarter 2nd Quarter 3rd Quarter Accounts payable, beginning balance 1st Quarter purchase 2nd Quarter purchase 3rd Quarter purchase 4th Quarter purchase Total cash disbursements for materials $ $ 0 $ 0 $ 0 $ 0
