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Description Mindful Corp has following data to prepare the materials purchase budget Q1 Required...

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Accounting

Description

Mindful Corp has following data to prepare the materials purchase budget

Q1 Required Production in units 5,304.00

Q2 Required Production in units 4,624.00

Q3 Required Production in units 4,216.00

Q4 Required Production in units 4,964.00

1st Quarter Beg raw materials inventory 2121.60 kg

1st Quarter Beg Accounts Payable $10,077.60

Each unit materials weight 1.36kg

Each kg costs $2.72

Desired Inventory is 13.6% of next quarter purchase

Desired ending inventory for 4th quarter in 2135.20

80% Current quarter purchase paid in current quarter

20% Current quarter purchase paid in next quarter

Please prepare the materials purchase budget(payment incl.).

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