Compute direct materials production budget

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Reference no: EM1347743

Hannon Company has 1,600 pounds of raw materials in its December 31, 2011, ending inventory. Needed production for January and February of 2012 are 4,000 and 5,500 units, respectively. Two 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. (Enter all amounts as positive amounts and subtract where necessary.)

Reference no: EM1347743

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