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Perine Company has 1 640 pounds of raw materials in its December 31 2019 ending...

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Perine Company has 1 640 pounds of raw materials in its December 31 2019 ending inventory Required production for January and February of 2020 are 4 100 and 5 600 units respectively 2 pounds of raw materials are needed for each unit and the estimated cost per pound is 6 Management desires an ending inventory equal to 20 of next month s materials requirements Prepare the direct materials budget for January PERINE COMPANY Direct Materials Budget

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