Logan Enterprises' Unit Production Is Budgeted for the First Six

Essay

Logan Enterprises' unit production is budgeted for the first six months of its upcoming fiscal year as follows:
Each unit of product requires 20 pounds of raw material that Logan purchases for $3.50 per pound.The company began the month of March with 13,160 pounds of raw material but wants its ending inventory of raw material to be 2% of the next month's production requirements beginning with the end of March.
Logan pays for 20% of its purchases in the month of purchase,with the remainder paid the following month.Determine the amount of planned cash disbursements for purchases of raw materials for April,May and June.