Sheridan Company has 1,760 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 3,520 and 4,400 units, respectively. Two pounds of raw materials are needed for each unit, and the estimated cost per pound is $6. Management desires an ending inventory equal to 25% of next months materials requirements. Prepare the direct materials budget for January.

SHERIDAN COMPANY Direct Materials Budget choose the accounting period For the Quarter Ending January 31, 2022January 31, 2022For the Month Ending January 31, 2022
select an opening direct materials budget item Direct Labor Cost Per HourTotal Required Direct Labor HoursDirect Materials Units to be PurchasedDesired Ending Inventory PoundsDirect Labor Time Per UnitDirect Materials Pounds Per UnitBeginning Materials InventoryTotal Cost of Direct Materials PurchasesTotal Direct Labor CostTotal Pounds Required for ProductionCost Per PoundTotal Materials RequiredUnits to be Produced		enter a number of units
select an item Direct Labor Time Per UnitUnits to be ProducedTotal Materials RequiredDesired Ending Inventory PoundsTotal Required Direct Labor HoursDirect Labor Cost Per HourDirect Materials Pounds Per UnitBeginning Materials InventoryCost Per PoundTotal Direct Labor CostDirect Materials Units to be PurchasedTotal Pounds Required for ProductionTotal Cost of Direct Materials Purchases		enter a number of pounds
select a summarizing line for the first part Total Direct Labor CostDirect Materials Pounds Per UnitDirect Materials Units to be PurchasedDirect Labor Cost Per HourDirect Labor Time Per UnitTotal Required Direct Labor HoursTotal Pounds Required for ProductionCost Per PoundBeginning Materials InventoryDesired Ending Inventory PoundsTotal Materials RequiredUnits to be ProducedTotal Cost of Direct Materials Purchases		enter a total number of pounds for the first part
select between addition and deduction AddLess: select an item Cost Per PoundTotal Materials RequiredDirect Labor Cost Per HourDesired Ending Inventory PoundsDirect Materials Units to be PurchasedDirect Materials Pounds Per UnitDirect Labor Time Per UnitTotal Required Direct Labor HoursTotal Cost of Direct Materials PurchasesUnits to be ProducedBeginning Materials InventoryTotal Direct Labor CostTotal Pounds Required for Production		enter a number of pounds
select a summarizing line for the second part Direct Materials Pounds Per UnitUnits to be ProducedTotal Materials RequiredTotal Required Direct Labor HoursDirect Materials Units to be PurchasedBeginning Materials InventoryDirect Labor Cost Per HourCost Per PoundTotal Cost of Direct Materials PurchasesDesired Ending Inventory PoundsTotal Pounds Required for ProductionTotal Direct Labor CostDirect Labor Time Per Unit		enter a total number of pounds for the second part
select between addition and deduction AddLess: select an item Total Pounds Required for ProductionCost Per PoundUnits to be ProducedTotal Direct Labor CostBeginning Materials InventoryTotal Materials RequiredDirect Materials Pounds Per UnitTotal Required Direct Labor HoursDirect Labor Time Per UnitTotal Cost of Direct Materials PurchasesDirect Labor Cost Per HourDirect Materials Units to be PurchasedDesired Ending Inventory Pounds		enter a number of pounds
select a summarizing line for the third part Cost Per PoundDesired Ending Inventory PoundsTotal Direct Labor CostTotal Pounds Required for ProductionTotal Required Direct Labor HoursDirect Materials Pounds Per UnitDirect Labor Time Per UnitBeginning Materials InventoryDirect Labor Cost Per HourUnits to be ProducedDirect Materials Units to be PurchasedTotal Materials RequiredTotal Cost of Direct Materials Purchases		enter a total number of pounds for the third part
select an item Direct Labor Cost Per HourBeginning Materials InventoryDirect Materials Units to be PurchasedTotal Cost of Direct Materials PurchasesTotal Pounds Required for ProductionDirect Materials Pounds Per UnitDesired Ending Inventory PoundsUnits to be ProducedDirect Labor Time Per UnitTotal Direct Labor CostCost Per PoundTotal Required Direct Labor HoursTotal Materials Required		$enter a dollar amount
select a closing direct materials budget item Total Required Direct Labor HoursCost Per PoundTotal Direct Labor CostDirect Materials Units to be PurchasedDesired Ending Inventory PoundsTotal Materials RequiredDirect Labor Time Per UnitUnits to be ProducedTotal Cost of Direct Materials PurchasesDirect Labor Cost Per HourBeginning Materials InventoryDirect Materials Pounds Per UnitTotal Pounds Required for Production		$enter a total dollar amount