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Business, 25.04.2020 01:23 psychiclion

Perine Company has 3,960 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,400 and 6,000 units, respectively. 3 pounds of raw materials are needed for each unit, and the estimated cost per pound is $9. Management desires an ending inventory equal to 30% of next month’s materials requirements.

Required:
Prepare the direct materials budget for January.

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Perine Company has 3,960 pounds of raw materials in its December 31, 2019, ending inventory. Require...
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