The managerial accountant of Bahrain Corporation collected the following expected data for the first quarter...
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Accounting
The managerial accountant of Bahrain Corporation collected the following expected data for the first quarter next year 2014:
| Statements | Month | ||
| Jan | Feb | March | |
| The expected sales unites | 5,000 | 5,300 | 5,900 |
| The expected sales price | $10 | $10 | $10 |
| The expected ending finished goods inventory | 1,000 | 500 | 800 |
| Beginning finished goods inventory | 1,200 | ||
| The estimated units of ending direct materials inventory | 30,000 | 35,000 | 30,000 |
| The units of beginning direct materials inventory | 25,000 | ||
| Cost per one gram of direct materials | $1.30 | $1.30 | $1.30 |
| direct materials per unit | 15 gram | ||
Required: Prepare the following operating budgets:
- Sales Budget.
- The Production Budget.
- The Direct Materials Purchases Budget.
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