Perine Company has 2,970 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,500 and 5,700 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 22% of next months materials requirements. Prepare the direct materials budget for January.

PERINE COMPANY Direct Materials Budget choose the accounting period January 31, 2020For the Quarter Ending January 31, 2020For the Month Ending January 31, 2020
select an opening direct materials budget item Desired Ending InventoryBeginning Materials InventoryDirect Materials PurchasesTotal Direct Labor CostTotal Pounds Required for ProductionTotal Materials RequiredCost Per PoundTotal Cost of Direct Materials PurchasesDirect Labor Time Per UnitUnits to be ProducedDirect Labor Cost Per HourDirect Materials Per UnitTotal Required Direct Labor Hours		enter a number of units
select an item Total Cost of Direct Materials PurchasesTotal Pounds Required for ProductionUnits to be ProducedBeginning Materials InventoryDirect Labor Cost Per HourDirect Materials PurchasesTotal Direct Labor CostTotal Materials RequiredDirect Materials Per UnitCost Per PoundDirect Labor Time Per UnitTotal Required Direct Labor HoursDesired Ending Inventory		enter the amount of pounds
select a summarizing line for the first part Total Pounds Required for ProductionTotal Direct Labor CostDirect Labor Time Per UnitTotal Required Direct Labor HoursTotal Cost of Direct Materials PurchasesDirect Labor Cost Per HourDirect Materials PurchasesCost Per PoundTotal Materials RequiredDesired Ending InventoryUnits to be ProducedDirect Materials Per UnitBeginning Materials Inventory		enter a total amount of pounds for the first part
select between addition and deduction AddLess: select an item Direct Materials Per UnitTotal Pounds Required for ProductionCost Per PoundTotal Cost of Direct Materials PurchasesTotal Direct Labor CostBeginning Materials InventoryTotal Required Direct Labor HoursDesired Ending InventoryDirect Materials PurchasesUnits to be ProducedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Materials Required		enter the amount of pounds
select a summarizing line for the second part Total Cost of Direct Materials PurchasesTotal Materials RequiredUnits to be ProducedDesired Ending InventoryCost Per PoundBeginning Materials InventoryDirect Labor Time Per UnitTotal Required Direct Labor HoursDirect Materials PurchasesTotal Pounds Required for ProductionDirect Materials Per UnitDirect Labor Cost Per HourTotal Direct Labor Cost		enter a total amount of pounds for the second part
select between addition and deduction AddLess: select an item Total Direct Labor CostTotal Materials RequiredBeginning Materials InventoryDirect Labor Time Per UnitTotal Cost of Direct Materials PurchasesDirect Materials Per UnitCost Per PoundDirect Labor Cost Per HourTotal Pounds Required for ProductionUnits to be ProducedDirect Materials PurchasesTotal Required Direct Labor HoursDesired Ending Inventory		enter the amount of pounds
select a summarizing line for the third part Units to be ProducedDirect Materials PurchasesDirect Labor Cost Per HourDirect Materials Per UnitDesired Ending InventoryTotal Pounds Required for ProductionTotal Direct Labor CostCost Per PoundTotal Cost of Direct Materials PurchasesTotal Materials RequiredBeginning Materials InventoryDirect Labor Time Per UnitTotal Required Direct Labor Hours		enter a total amount of pounds for the third part
select an item Direct Labor Time Per UnitDirect Materials PurchasesBeginning Materials InventoryDesired Ending InventoryCost Per PoundTotal Required Direct Labor HoursTotal Cost of Direct Materials PurchasesTotal Pounds Required for ProductionUnits to be ProducedDirect Labor Cost Per HourDirect Materials Per UnitTotal Direct Labor CostTotal Materials Required		$enter a dollar amount
select a closing direct materials budget item Total Cost of Direct Materials PurchasesTotal Materials RequiredTotal Direct Labor CostDirect Labor Cost Per HourDirect Materials Per UnitDirect Materials PurchasesTotal Pounds Required for ProductionTotal Required Direct Labor HoursUnits to be ProducedDirect Labor Time Per UnitDesired Ending InventoryCost Per PoundBeginning Materials Inventory		$enter a total dollar amount