Aladdin Co. produces a specialized product, the Lamp XS. The following information relates to the...
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Aladdin Co. produces a specialized product, the Lamp XS. The following information relates to the companys expected sales, standards for direct materials, and inventory policies: Month Anticipated sales January 1,000 units February 1,200 units March 1,400 units April 1,100 units Direct materials: Direct materials required for one unit Lamp XS 2 kilograms Direct materials cost $12/kilogram Inventory policies: Ending inventory of the Lamp XS: 100 units plus 15% of next months anticipated sales. Ending inventory of direct materials: $500 plus 10% of the direct materials cost of next months production requirements. What is the budgeted cost of the direct materials purchases in February?
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