Thunder Creek Company uses 2 pounds of direct materials for each unit it produces, at a cost of $4.00 per pound. The company begins the year with 9,500 pounds of material in Raw Materials Inventory. Management desires an ending inventory of 25% of next month's materials requirements Prepare a Direct Materials Budget. (When entering answers in the direct materials budget, use the production budget for your cell references. Enter all values as positive--without a minus sign-in row 31.) Budget #3: Direct Materials Budget Budgeted units to be produced Direct materials (pounds) per unit Direct materials needed for production Plus: Desired direct materials in ending inventory (pounds) Total direct materials needed Less: Direct materials in beginning inventory (pounds) Budgeted purchase of direct materials Direct material cost per pound Budgeted cost of direct materials purchases 2018 Jan Feb Mar 19,200 25,200 30,800 2.00 38,400 2.00 50,400 12,600 15,400 2.00 61,600 8,600 Q1 Total 75,200 2.00 150,400 51,000 65,800 70,200 8,600 159,200 9,500 12,600 15,400 41,500 53,200 54,800 9,500 149,500 4.00 4.00 $ 166,000 $ 212,800 $ 4.00 219,200 $ 4.00 598,000 April 2.00