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Question # 2 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. Instructions Prepare a direct materials budget for the period