4 BACK NEXT CALCULATOR PRINTER VERSION Brief Exercise 22-04 Cullumber Company has 2,019 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. 2 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 24% of next month's materials requirements. Prepare the direct materials budget for January. CULLUMBER COMPANY Direct Materials Budget Units to be produced 4.200 Direct Materials per Unit 2 8.400 Total Pounds Required for production 2.784 Add Desired Ending Inventory Total Materials Required Beginning Materais inventory Direct Materials Purchases $ Cost Per Pound Total cost of Directeur G M e O 11 here to search