Coronado Company has 2,360 pounds of raw materials in its December 31,2026 , ending inventory. Required production for January and February of 2027 are 4,720 and 5,900 units, respectively. Two pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 25% of next month's materials requirements. Prepare the direct materials budget for january. CORONADO COMPANY Direct Materials Budget Beginning Materials inventory Cost per Pound Desired Ending Inventory Pounds Diect Labor Cost per Hour Direct Labor Time per Unit Direct Materials Units to be Purchased Direct Materials Pounds per Unit Total Cost of Direct Materials Purchases Total Direct Labor Cost Total Materials Required Total Pounds Required for Production Total Required Direct Labor Hours Units to be Produced