Perine Company has 4,050 pounds of raw materials in its December 31, 2019, ending inventory. Required...
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Perine Company has 4,050 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,500 and 5,800 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. Prepare the direct materials budget for January. Perine Company has 4,050 pounds of raw materials in its December 31, 2019, ending inventory. Required production for January and February of 2020 are 4,500 and 5,800 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. Prepare the direct materials budget for January.
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To prepare the direct materials budget for January you need to calculate the total raw materials needed for production including both the required pro... View the full answer
Related Book For
Managerial Accounting Tools for business decision making
ISBN: 978-1118096895
6th Edition
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
Posted Date:
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