A company has the following budgeted sales: Sales in Month Units Jan 3,490 Feb 3,880 Mar 4,560 4,180 3,960 Apr May Finished goods inventory: the company will have 50 percent of the next period's sales on hand at the end of each period. Direct materials cost $2.60 per pound, and each unit requires 2 pounds. Direct materials inventory: the company will have 50 percent of the next period's production needs on hand at the end of each period. Direct materials on hand at the beginning of the year is 3,685 pounds. Required: Complete this question by entering your answers in the tabs below. Required 1 Required 2 Determine budgeted cost of direct materials purchased for January and February. Note: Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places. Jan Feb Budgeted Cost of Material Purchased < Required 1 Required 2 >