Prepare the Direct Material Budget assuming:

Ending inventory of raw material is expected to be $15\%$ of total pounds needed for production of the next quarter for the first two quarters and $20\%$ of the next quarter for the last two quarters.

The expected poundsneeded for production in the first quarter of $2022$ is $38,500.$

Each product requlies $3$ pounds of raw matenai.

The expected cost per pound is $$8\mathrm{.}25.$