Company policy requires that ending inventories for each month be 25% of next month's saies. At the beginning of lanuary, the inventory of peanut Butten is 39,000 jars: Each jar of peanut butter needs two raw materials: 24 ounces of peanuts and one jar. Company policy requires that ending imventories of raw materials for each manth be 20 . of the next month's production needi. That poliey was met on Janusry 1. Required: 2. Prepare a direct materials purchases budget for jars for the months of January and February. Peanut Land Inc. Direct Materiais Purchases Budget for Jars Prepare a direct materials purchases budget for peanuts for the months of January and February. Prepare a direct materials purchases budget for peanuts for the months of January and February