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Determine budgeted amount for purchases of direct material

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Reference no: EM132741790

Problem a. Compute the budgeted amount for purchases of direct materials during the year

Problem b. Compute the budgeted amount for cash payments during the year to suppliers of materials

Direct Materials Inventory, January 1: $68,000

Direct Materials Inventory, December 31: $89,000

Direct Material Usage budgeted for the year: $200,000

Accounts payable to suppliers of materials, January 1: $50,000

Accounts payable to suppliers of materials, December 31: $79,000

Reference no: EM132741790

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