The MLC Company has anticipated its unit sales for the first half of 2021 as follows: 2021 Units January 12,000 February 10,000 March 11,000 April 10,000 May 15,000 June 17,000 Each unit requires 2 pounds of raw materials are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 10% of next month's anticipated sales. The company also has a policy of maintaining a raw materials inventory at the end of each month equal to 20% of the pounds needed for the following month's production. At the end of December 31, 2020, there were 3,640 pounds of raw materials on hand. REQUIRED: Prepare a direct materials budget for the first three months of 2021, using the following format: The MLC Company Direct Materials Budget For the First Three Months of 2021 Units to be produced X Direct materials (DM) per unit = Total pounds needed for production Plus: Desired ending DM (pounds) Total materials (pounds) needed Less: Beginning DM (pounds) DM (pounds) to purchase X Cost per pound = Total cost of DM (pounds) to purchase January February March