Brief Exercise 9-4 Perine Company has 3,784 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,300 and 6,100 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 22% of next months materials requirements.

Prepare the direct materials budget for January.

PERINE COMPANY Direct Materials Budget choose the accounting period select an opening direct materials budget item enter a number of units select an item enter the amount of pounds select a summarizing line for the first part enter a total amount of pounds for the first part select between addition and deduction: select an item enter the amount of pounds select a summarizing line for the second part enter a total amount of pounds for the second part select between addition and deduction: select an item enter the amount of pounds select a summarizing line for the third part enter a total amount of pounds for the third part select an item $enter a dollar amount select a closing direct materials budget item $enter a total dollar amount