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I DONT THINK THE FIRST TWO ARE RIGHT Perine Company has 6,116 pounds of raw materials in its December 31, 2016, ending inventory. Required production

I DONT THINK THE FIRST TWO ARE RIGHT

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Perine Company has 6,116 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,530 and 5,800 units respectively. 5 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 27% of next month's 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 For the Month Ending January 31, 2017 Units to be Produced Direct Materials Per Unit LINK TO TEXT

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