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Perrine company has 2970 pounds of raw materials and is December 31, 2019 ending inventory. Required production for January and February 2020 are 4500 and

Perrine company has 2970 pounds of raw materials and is December 31, 2019 ending inventory. Required production for January and February 2020 are 4500 and 6000 units respectively. 3 pounds of raw materials are needed for each unit and estimated cost per round is seven dollars. Management desires and ending inventory equals 22% of next month materials requirement. Prepare the direct materials budget for January.

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