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Brief Exercise 9-4 Perine Company has 4,032 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of

image text in transcribedBrief Exercise 9-4 Perine Company has 4,032 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,480 and 5,810 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $9. Management desires an ending inventory equal to 30% 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.)

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