PEN Company has $2,000$ pounds of raw materials in its December $31,2013,$

ending inventory. Required production for January and February of $2014$ are $4,000$ and

$5,000$ units, respectively. Two pounds of raw materials are needed for each unit, and the

estimated cost per pound is $$6.$ Management desires an ending inventory equal to $25\%$ of

next month$$s materials requirements.

Prepare the direct materials budget for January. Use the format from the textbook. Financial & Managerial Accounting By Warren $16$th Edition $(2021)$