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Perine Company has 2,000 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,000
Perine Company has 2,000 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,000 and 5,000 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desi es an ending inventory equal to 25% of next month s materials eure ents. Prepare the direct materials budg orary. (Round intermediate calculations and final answer to o decimal places, e.g. 5,275.) PERINE COMPANY Direct Materials Budget
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