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The production department of Hareston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year 1st Quarter

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The production department of Hareston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Units to be produced 10,000 11,000 12,000 9,000 In addition, the beginning raw materials inventory for the first quarter is budgeted to be 4500 pounds and the beginning accounts payable for the first quarter is budgeted to be $19,000 Each unit requires three pounds of raw material that costs $3 per pound. Management desires to end each quarter with an inventory of raw materials equal to 15% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 6750 pounds Management plans to pay for 70% of raw material purchases in the quarter acquired and 30% in the following quarter. Each unit requires 05 direct labor-hours and direct labor-hour workers are paid $13 per hour nt 1: the company's direct materials budget (Input all amounts as positive values. Omit the "$" (a) P sign in your response.) Hareston Company Direct Materials Budget 1st Quarter 2nd Quarter d Quarter 4th Quarter Production needs Click to select) Desired ending inventory Total needs (Click to select)Beginning inventory Raw materials to be purchased Cost of raw materials to be purchased (b) Prepare the schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year (Leave no cells blank - be certain to enter "O" wherever required. Omit the "S" sign in your response.)

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