Perine Company has 2,000 pounds of raw materials in its December 31, 2016, ending inventory....
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Perine Company has 2,000 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,000 and 5,000 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desi es an ending inventory equal to 25% of next month s materials eure ents. Prepare the direct materials budg orary. (Round intermediate calculations and final answer to o decimal places, e.g. 5,275.) PERINE COMPANY Direct Materials Budget
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