Ivanhoe Company has 2.160 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 4,320 and 5.400 units, respectively.2 pounds of raw materials are needed for each unit, and the estimated cost per pound is 56. Management desires an ending inventory equal to 25% of next month's materials requirements Prepare the direct materials budget for January IVANHOE COMPANY Direct Materials Budget Cost Per Pound Direct Labor Cost Per Hour Direct Materials Purchases Total Required Direct Labor Hours Direct Materials Per Unit Direct Labor Time Per Unit Total Cost of Direct Materials Purchases Total Direct Labor Cost Desired Ending Inventory Total Pounds Required for Production Total Materials Required Units to be Produced Beginning Materials Inventory >