Your answer is partially correct. Oriole Company has 2,200 pounds of raw materials in its December 31, 2021, ending inventory. Required production for January and February of 2022 are 4,400 and 5,500 units, respectively. 2 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. Pranare the direct materials budget for JanUANV Units to be Produced ORIOLE COMPANY Direct Materials Budget For the Month Ending January 31, 2022 Direct Materials Per Unit Total Pounds Required for Production Add Desired Ending Inventory Total Materials Required 4400 2 8800 11650 Less V Beginning Materials Inventory 2200 1 Direct Materials Purchases Cost Per Pound 9450 Total Cost of Direct Materials Purchases 56700 eTextbook and Media 6