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Exercise 22-05 (Video) Sandhill Industries has adopted the following production budget for the first 4...

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Accounting

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Exercise 22-05 (Video) Sandhill Industries has adopted the following production budget for the first 4 months of 2020. Month January February Units 10,440 8,240 Month March April Units 5,190 4,120 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 6,264 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. SANDHILL INDUSTRIES Direct Materials Purchases Budget January February

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