Yosko expects to produce 1,750 units in January and 2,200 units in February. The company budgets 4 pounds per unit of direct materials at a cost of $55 per pound. Indirect materials are insignificant and not considered for budgeting purposes. The balance in the Raw Materials Inventory account (all direct materials) on January 1 is 5,500 pounds. Yosko desires the ending balance in Raw Materials Inventory to be 80% of the next month's direct materials needed for production. Desired ending balance for February is 4,300 pounds. Prepare Yosko's direct materials budget for January and February. Begin by preparing the direct materials budget for January and February through total direct materials needed line and then complete the budget by calculating the budgeted cost of direct materials purchases. Yosko Company Direct Materials Budget Two Months Ended January 31 and February 28 January February Budgeted units to be produced 1,750 2,200 4 4 Direct materials (pounds) per unit Direct materials needed for production 7,000 8,800 Plus: Desired direct materials in ending inventory (pounds) 7,040 4,300 Total direct materials needed 14,040 13,100 Less: Budgeted purchases of direct materials Direct materials cost per pound Budgeted cost of direct materials purchases