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Question 3 Gomez Company has 2,100 kg of raw materials in its December 31, 2020, ending inventory. Required production for January and February is 4,820
Question 3 Gomez Company has 2,100 kg of raw materials in its December 31, 2020, ending inventory. Required production for January and February is 4,820 and 5,900 units, respectively. 2 kilograms of raw materials are needed for each unit, and the estimated cost per kilogram is $6. Management wants an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January. GOMEZ COMPANY Direct Materials Budget For the Month Ending January 31, 2021 $ $
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