Brief Exercise 21-4

Perine Company has 5,421 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,170 and 5,990 units, respectively. 5 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 26% of next months materials requirements.

Prepare the direct materials budget for January. (Round intermediate calculations and final answer to 0 decimal places, e.g. 5,275.)

PERINE COMPANY

Direct Materials Budget

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Brief Exercise 21-4 Perine Company has 5,421 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,170 and 5,990 units, respectively. 5 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 26% of next month's materials requirements Prepare the direct materials budget for January. (Round intermediate calculations and final answer to o decimal places, e.g. 5,275.) INE COMPANN Direct Materials Budget Click if you would like to Show Work for this question: Open Show Work By accessing this Question Assistance, you will learn while you earn points based on the Point Potential Policy set by your instructor Question Attempts: 0 of s used