Ivanhoe Industries has adopted the following production budget for the first 4 months of 2022 Eachunit renaires 2 pounds of raw materials costing $3 per pound. On December 31. 2021. the ending raw materials inentory was 3,440 pounds Management wants to have a rawmaterials inwentory at the end of the month equal to 2006 of neat manths production requirements Prepare a direct materials purchases budget by month for the first quarter Total Pounds Needed for Production Total Required Direct Labor Hours Direct Materials Per Unit Tatal Cost of Direct Materials Purchases Total Matertans Required Units to be Produced Direct Labor Cast Per Hour Cost Per Pound Total Direct Labor Cost Beginning Direct Materials (Pounds) Direct Labor Time Par Unit Deslred Ending Diroct Materlals (Pounds) Direct Matoriale Purchases January February Total Pounds Needed for Production January February March