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Perine Company has 4,020 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4370

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Perine Company has 4,020 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4370 and 6,050 units, respectively, 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $9. Management desires an ending inertiry equal to 23% of next month's materals requirements. Prepare the direct materials budget for January. (Round Intermediate calculations and final answer to O dleclimal places,eg 5,275J PERINE COMPANY Direct Materials Budget 6 8 0

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