QS 20-7 Manufacturing: Direct materials budget LO P1 Zortek Corp. budgets production of 460 units in January and 380 units in February. Each finished unit requires six pounds of raw material Z, which costs $3 per pound. Each month's ending inventory of raw materials should be 40% of the following month's budgeted production. The January 1 raw materials inventory has 160 pounds of Z. Prepare a direct materials budget for January ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (units) units lbs Materials noeded for production (bs) Ibs Total materials requirements (bs) Ibs lbs Materials to be purchased (lbs.) lbs lbs perib, Total cost of direct materials purchases