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Production estimates for August for Jay Company are as follows: Estimated inventory...

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Question

Accounting

Production estimates for August for Jay Company are as follows:

Estimated inventory (units), August 1

12,000
Desired inventory (units), August 31

9,000
Expected sales volume (units), August

75,000

For each unit produced, the direct materials requirements are as follows:

Material A ($5 per lb.)

3.0 lbs.
Material B ($18 per lb.)

0.5 lb.

The total direct materials purchases (assuming no beginning or ending inventory of material) of Materials A and B required for August production is

Group of answer choices

$1,080,000 for A; $648,000 for B

$1,125,000 for A; $675,000 for B

$1,080,000 for A; $1,296,000 for B

$1,170,000 for A; $702,000 for B

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