Apex Industries has projected the following production budget for the first four months of 2019....
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Accounting
Apex Industries has projected the following production budget for the first four months of 2019.
January 10,000 Units
February 8,000 Units
March 5,000 Units
April 4,000 Units
Each unit requires 3 pounds of material which costs $ 4.50 per pound. At the beginning of January, the stock of Raw Materials was 10,000 pounds. Management requires a closing inventory of raw materials equal to 25% of the next months production.
Required:
Prepare a monthly direct Materials Purchases Budget for the first quarter of 2019.
10 Marks
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