Gomez Company has 2,000 kg of raw materials in its December 31, 2012, ending inventory . Required

Question:

Gomez Company has 2,000 kg of raw materials in its December 31, 2012, . Required production for January and February is 5,000 and 6,000 units, respectively. Two kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $6. Management wants an equal to 25% of next month's materials requirements. Prepare the direct materials budget for January?
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...