Coles Corporation, Inc. makes and sells a single product, Product R. Three yards of Material K are needed to make one unit of Product R. Budgeted production of Product R for the next five months is as follows: August14,000units??September14,500unitsOctober15,500unitsNovember12,600unitsDecember11,900units?The company wants to maintain monthly ending inventories of Material K equal to 20% of the following month's production needs. On July 31, this requirement was not met since only 2,500 yards of Material K were on hand. The cost of Material K is $0.85 per yard. The company wants to prepare a Direct Materials Purchase Budget for the rest of the year.?The total cost of Material K to be purchased in August is:
A. $40,970
B. $42,300
C. $48,200
D. $33,840
Answer: A
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