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XYZ Company makes and sells a single product. Each finished unit requires four pounds of...

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Accounting

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XYZ Company makes and sells a single product. Each finished unit requires four pounds of direct materials. The budgeted units to be produced over the next four months is as follows: January February March April 16,000 units 18,000 units 25,000 units 19,000 units The company wants to maintain monthly ending inventories of direct materials equal to 35% of the following month's production needs. The cost of the direct materials is $1.75 per pound Calculate the total cost of direct materials budgeted to be purchased in March. Do not use decimals in your

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