Culver Company has 2,284 pounds of raw materials in its December 31, 2016, ending inventory....
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Accounting
Culver Company has 2,284 pounds of raw materials in its December 31, 2016, ending inventory. Required production for January and February of 2017 are 4,230 and 5,740 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 27% of next months materials requirements. Prepare the direct materials budget for January. (Round intermediate calculations and final answer to 0 decimal places, e.g. 5,275.) CULVER COMPANY Direct Materials Budget
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