Flounder Industries has budgeted the following unit sales: The finished goods units on hand on December 31, 2021 was 2,100 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 inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 6,000 pounds of direct materials on hand at December 31, 2021. For the first quarter of 2022, prepare a production budget. (b). For the first quarter of 2022, prepare a direct materials budget. FLOUNDERINDUSTRIES Direct Materials Budget January February