Bonita Company has 2,320 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 4,640 and 5,800 units, respectively. Two pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January. Units to be Produced Direct Materials Pounds Per Unit Total Pounds Required for Production BONITA COMPANY Direct Materials Budget Month For the Month Ending January 31, 2022 Total Materials Required Add V 2 Desired Ending Inventory Pounds Direct Materials Units to be Purchased Cost Per Pound Less V 44 Beginning Materials Inventory > Total Cost of Direct Materials Purchases 0

Bonita Company has 2,320 pounds of raw materials in its December 31,2021 , ending imventory. Required production for January and February of 2022 are 4,640 and 5,800 units, respectively. Two pounds of raw materials are needed for each unit, arid the estimated cost per pound is \$8. Management desires an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for January