(Answered) Dallas industries has adopted the following production

Accounting

Dallas Industries has adopted the following production budget for the first 4 months of 2013.

Month	Units	Month	Units
January	10,000	March	5,000
February	8,000	April	4,000

Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2012, the ending raw materials inventory was 9,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 30% of next month's production requirements.

Instructions

Prepare a direct materials purchases budget by month for the first quarter.

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