The budgeted units to be produced are as follows:

Units of Product

January

$10,000$

February

$6,000$

March

$9,000$

April

$8,000$

It takes $3$ pounds of direct materials to produce the product. It is the company's policy to maintain an inventory of direct materials on hand at the end of each month equal to $30\%$ of the next month's production needs for the product. Direct materials inventory on hand at June $30$ were $8,000$ pounds for the product. The cost per pound of materials is $$5.$

Instructions

Prepare the direct materials budget for the product for January $2024.$