Answer Happy

Babu Enterprise sells packaged baby foods for $70/unit and is
preparing budget for the 1st quarter of 2020. His actual and
budgeted data include:
Details . . . . . . . . . . . . Nov 2019 . . . Dec 2019 . . .
Jan 2020 . . . Feb 2020 . . . Mar 2020 . . . Apr 2020 . . . May
2020 Production in units . . . . . 5200 . . . . . . 8400 . . . . .
. 4400 . . . . . . 5800 . . . . . . . 6300 . . . . . . 4600 . . . .
. . 5600 Each unit of product requires 20 kilograms of raw
materials to produce. And Babu keeps an ending inventory of raw
materials equal to 50% of the following month’s production needs of
raw materials. The price of raw material is $2/kilogram. An advance
payment of 40% is to be made a month prior to purchase. 30% is paid
in the month of purchase. The rest is paid in the month following
purchase.
Instructions: For the 1st quarter of 2020 answer, on your
rough-copy/notebook prepare (A) Direct Materials Budget and then
answer the following questions:
(a) The production needs of February was _________ kilogram.
(b) The ending inventory of raw materials in January was
_________ kilogram.
(c) The beginning inventory of raw materials for the 1st quarter
of 2020 is _________ kilogram.
(d) The purchases of raw materials in kilogram for the month of
March is _________ kilogram.
(e) The purchases of raw materials in $ for the month of
February is $_____________
(f) The purchases of raw materials in $ for the 1st quarter of
2020 is $_____________
(g) [2 marks] The amount of accounts payable at the end of the
1st quarter of 2020 is $_____________