Business, 18.01.2021 21:10 esnyderquintero

Perine Company has 4,872 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,200 and 5,800 units, respectively. 4 pounds of raw materials are needed for each unit, and the estimated cost per pound is $7. Management desires an ending inventory equal to 29% of next month’s materials requirements. Prepare the direct materials budget for January.

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Perine Company has 4,872 pounds of raw materials in its December 31, 2019, ending inventory. Require...

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