budgets production of 300 units in January and 280 units in February. Each finished unit requires 2 lb of raw material Z which cost $2 per pound. each month's ending inventory of raw material should be 40% of the following months budgeted production. the January 1 raw material inventory has 190 lb of Z. prepare a direct materials budget for January

dWidellals Thventory has 190 pounds of Z. Pr ZORTEK CORP. Direct Materials Budget For Month Ended January 31 Budget production (units) units Ibs Materials needed for production (lbs.) Ibs. lbs. Total materials requirements (lbs.) lbs. Ibs. Materials to be purchased (lbs.) Ibs. per lb. w Total cost of direct materials purchases