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Gomez Company has 1,920 kg of raw materials in its December 31, 2020, ending inventory. Required production for January and February is 5,080 and 5,740

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Gomez Company has 1,920 kg of raw materials in its December 31, 2020, ending inventory. Required production for January and February is 5,080 and 5,740 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $6. Management wants an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January GOMEZ COMPANY Direct Materials Budget For the Month Ending January 31, 2021 $ $

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