(Answered) Question - castil corporation makes and sells a product

Accounting

Question - Castil Corporation makes and sells a product called a Miniwarp. One Miniwarp requires 2.6 kilograms of the raw material Jurislon. Budgeted production of Miniwarps for the next five months is as follows:

August 19,400 units

September 20,700 units

October 19,900 units

November 20,400 units

December 21,400 units

The company wants to maintain monthly ending inventories of Jurislon equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 8,700 kilograms of Jurislon were on hand. The cost of Jurislon is $4.8 per kilogram. The company wants to prepare a Direct Materials Purchase Budget for the next five months.

The total cost of Jurislon to be purchased in August is

$252,019.

$293,779.

$242,112.

$335,539.

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