Dallas Industries has adopted the following production budget for the first 4 months of 2014....
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Accounting
Dallas Industries has adopted the following production budget for the first 4 months of 2014.
| Month | Units | Month | Units | |||
| January | 10,320 | March | 5,170 | |||
| February | 8,380 | April | 4,200 |
Each unit requires 5 pounds of raw materials costing $3 per pound. On December 31, 2013, the ending raw materials inventory was 9,220 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next months production requirements. Prepare a direct materials purchases budget by month for the first quarter.
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