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Waterford Enterprises' unit production was budgeted for the first six months of its fiscal year as follows:
Use the following to answer questions  Waterford Enterprises' unit production was budgeted for the first six months of its fiscal year as follows:    Each unit of product requires 15 pounds of raw material and management wants to maintain an ending inventory of raw material equal to 12% of the next month's production requirements. -The direct materials purchases budget for May is: A) 603,300 B) 615,000 C) 677,100 D) 750,900 Each unit of product requires 15 pounds of raw material and management wants to maintain an ending inventory of raw material equal to 12% of the next month's production requirements.
-The direct materials purchases budget for May is:


A) 603,300
B) 615,000
C) 677,100
D) 750,900

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