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Zortek Corp. budgets production of 350 units in January and 300 units in February. Each finished unit requires five pounds of raw material Z, which costs $3 per pound. Each month's ending inventory of raw materials should be 40% of the following month's budgeted production. The January 1 raw materials inventory has 100 pounds of Z. Prepare a direct materials budget for January ZORTEK CORP Direct Materials Budget For Month Ended January 31 00:43:45 Budget production (ur units aterials requirements per unit Materials needed for production (lbs) Add: Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Add: Beginning inventory (bs.) Materials to be purchased (lbs ) 0 lbs per lb aterials price per pound Total cost of direct materials purchases Mc Graw