On Wednesdar, we ended class with the following Production Budget (which will be reviewed today as weil! Using the Production Budget above and the following additional information, complete the Direct Materials budget provided. Additional information - Each unit requires 10 pounds of material and each pound of material costs 50.10 . - The compary desires an ending inventory equal to 20% of the next period's production needs (ossume Quarter 3 production needs are 60,000 units). - Eleginning raw material inventory =40,000 pounds. Using the Production Budget above and the following additional information, complete the Direct Materials Budget provided. Additional linformation - Each unit tequires 10 pcunds of material and euch pound of material costs 50.10. - The company desires an ending inventory equal to 20% of the next perlod's production needs (assume Quarter 3 production needs are 60,000 units). - teginning raw material imentory =40,000 pounds