Perine Company has 2,392 pounds of raw materials in its December 31, 2019, ending inventory....
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Accounting
Perine Company has 2,392 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,600 and 6,000 units, respectively. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $9. Management desires an ending inventory equal to 26% of next months materials requirements. Prepare the direct materials budget for January.
ES s inventory equal to 26% of next month's materials requirements. Prepare the direct materials budget for January. PERINE COMPANY Direct Materials Budget For the Month Ending January 31, 2020 v Units to be Produced 4,600 Direct Materials Per Unit Total Pounds Required for Production Add-Desired Ending Inventory Total Materials Required Less . Beginning Materials Inventory Direct Materials Purchases Cost Per Pound Total Cost of Direct Materials Purchases LINK TO TEXT
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