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The Mcknight Company has prepared a sales budget of 47,000 finished units for a 3-month period. The company has an inventory of 13,000 units of
The Mcknight Company has prepared a sales budget of 47,000 finished units for a 3-month period. The company has an inventory of 13,000 units of finished goods hand at December 31 and has a target finished goods inventory of 19,000 units at the end of the succeeding quarter It takes 2 gallons of direct materials to make one unit of finished product. The company has inventory of 63,000 gallons of direct materials of December 31 and has target ending Inventory of 56,000 gallons at the end of the succeeding quarter. How many gallons of direct materials should McKnight Company purchase during the months ending March 312 Select the labels and enter the amounts to calculate the direct materials (gallons) to be purchased. Direct Material Purchases Budget For the 3 Months Ending March 31 Purchases to be made in gallons)
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