Exercise 174 The following facts are known: . The total pounds needed for production are 2 times the units to be produced The desired ending direct materials inventory is 20% of the total pounds needed for production . The beginning direct materials inventory is equal in number to 10% of the units to be produced. Cost per pound is $5 . Total cost of the direct materials purchases is $1,035,000. Prepare a direct materials budget for the period Click if you would like to Show Work for this question: Open Show Work