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Answer required question The LMC Manufacturing Company has anticipated its unit sales for the first half of 2023 as follows: Bach unit requires 2 pounds

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The LMC Manufacturing Company has anticipated its unit sales for the first half of 2023 as follows: Bach unit requires 2 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the compary's policy to maintain a finished goods inventory at the end of each month equal to 10% of next month's anticipated sales. The company also has a policy of maintaining a raw materials inventory at the end of each month equal to 20% of the pounds needed for the following month's production. At the end of December 31, 2022, there were ,280 pounds of mw materials on hand. REQUIRED: Prepare a direct materials budget for the first three months of 2023, using the following format

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