Sheridan Company has 2,010 kg of raw materials in its December 31, 2022, ending inventory. Required production for January and February is 4,780 and 6,220 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. SHERIDAN COMPANY Direct Materials Budget For the Month Ending January 31, 2023 69

Sheridan Company has 2,010kg of raw materials in its December 31,2022 , ending inventory. Required production for January and February is 4,780 and 6,220 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