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Yeaman expects to produce 2,000 units in January and 2.150 units in February. The company budgets two pounds per unit of direct materials at a cost of $55 per pound. Indiroct materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5 , 000 pounds. Yeaman desires the ending balance in Raw Materials Inventory to be 60% of the next month's direct materials needed for production. Desired ending balance for February is 4.600 pounds. Prepare Yeaman's direct materials budget for January and February. Begin by preparing the direct materials budget lor January and February through total direct materials needed line and then complete the budget by calculating the budgeted cost of direct materials purchases Yeaman expects to produce 2,000 units in January and 2,150 units in February. The company budgots two pounds per unit of cirect materials at a cost of 555 per pound indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5,000 pounds Yeaman desires the ending balance in Raw Materials Inventory to be 60% of the next month's direct materials needed for producticn. Desived ending balance for Fetruary is 4.600 pounds. Prepare Yeaman's direct materials budget for January and February