Vaughn Company has 1,960 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 3,920 and 4,900 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 month's materials requirements. Prepare the direct materials budget for January VAUGHN COMPANY Direct Materials Budget For the Month Ending January 31, 2022 Units to be produced 3920 Units to be produced Units to be produced 6.00 $ Units to be Produced Total Materials Required Total Pounds Required for Production Desired Ending Inventory Pounds Beginning Materials Inventory Total Cost of Direct Materials Purchases Direct Materials Units to be purchased Total Direct Labor Cost Units to be produced Direct Labor Time Per Unit Direct Materials Pounds Per Unit Direct Labor Cost Per Hour Total Required Direct Labor Hours Cost Per Pound