Deleon Inc. is preparing its annual budgets for the year ending December 31, 2020, Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 402,300 201,600 Unit selling price $23 $28 Production budget. Desired ending finished goods units 27,300 19.500 Beginning finished goods units 31,300 11,800 Direct materials budget: Direct materials per unit (pounds) 2 2 Desired ending direct materials pounds 32,700 19,500 Beginning direct materials pounds 41.500 12.400 Cost per pound $3 $3 Direct labor budget: Direct labor time per unit 04 0.6 Direct labor rate per hour $11 $11 Budgeted income statement: Total unit cost $14 $21 An accounting assistant has prepared the detailed manufacturing over head budget and the selling and administrative expense budget The latter shows selling expenses of $662,000 for product JB 50 and $364,000 for product JB 60, and administrative expenses of $544,000 for product JB 50 and $342,000 for product JB 60. Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 30% Prepare the direct materials budget for the year. Units to be Produced Direct Materials per Unit Total Pounds Needed for Production Add Desired Ending Direct Materials (Pounds) Total Materials Required Less Beginning Direct Materials (Pounds) Direct Materials Purchases DELEON INC. Direct Materials Budget For the Year Ending December 31, 2020 JB 50 Cost per Pound. $ Total Cost of Direct Materials Purchases $ JB 60 Prepare the direct materials budget for the year. DELEON INC. Direct Materials Budget For the Year Ending December 31, 2020 JB 50 tion Irect Materials (Pounds) Materials (Pounds) irchases $ JB 60 Total