Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. perine company has 2,392 pounds of raw materials i

Perine Company has 2,392 pounds of raw materials in its December 31, 2019, ending inventory....

70.2K

Verified Solution

Question

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.image

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

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students