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sanm378599
07.04.2020 •
Business
Brief Exercise 9-4 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.
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Ответ:
Total cost= $140,800
Explanation:
Giving the following information:
Beginning inventory= 1,640 pounds
Required production:
January= 4,100 units
February= 5,600 units
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.
First, we will determine the required direct material pounds for January:
Budgeted direct material:
Sales= 4,100*2= 8,200 pounds
Ending inventory= (5,600*2)*0.20= 2,240
Beginning inventory= (1,640)
Total= 8,800
Total cost= 8,800*16= $140,800
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