Current Attempt in Progress Culver Industries has budgeted the following unit sales: The finished goods units on hand on December 31, 2021 was 2,000 units. Each unit of finished goods requires 2 pounds of direct materials that are estimated to cost an average of $5 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. The company also has a policy of maintaining a direct materials inventoryat the end of each month equal to 30% of the pounds needed for the following month's production. There were 5,760 pounds of direct materials on hand at December 31,2021. For the first quarter of 2022, prepare a production budget. For the first quarter of 2022 , prepare a direct materials budget. Direct Materials Budget January February Units to be produced Budgeted cost of direct materials purchases Beginning direct materials inventory Cost per pound Desired ending direct materials inventory Direct materials per unit Total materials required Total pounds required for production Budgeted direct materials purchases Direct Materials Budget For the Month Ended March 31, 2022 For the Year Ended March 31, 2022 For the Quarter Ended March 31, 2022 March Total