Requirement Prepare the Direct Materials Budget for Zoidich Inc. Company, Company policy calls for a given quarter'S ending raw materials inventory to equal Of next quarter's expected materials needed for production. The prior year-end inventory is 10,440 lbs of materials, which complies With the policy. The company expects to have 16,104 lbs. of materials in inventory at year-end. The product's manufacturing cost is $199 per unit, including per unit costs of $120 for materials (8 lbs. at $15 per lb'), $54 for direct labor (3 hours x $18 direct labor rate perhour), $21 for variable overhead, and $4 for fixed overhead, Materials Budget For the year ended December 31 , 2018 Materials needed tor production (pounds) otal materials requirements (pounds) Materials to be purchased (pounds) Total COSt Of direct materials purchases