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Perine Company has 3,432 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,290
Perine Company has 3,432 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,290 and 5,750 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 20% 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 Units to be Produced Direct Materials Per Unit Direct Materials Purchases Add A): Desired Ending Inventory ||
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