Zortek Corp, budgets production of 360 units in January and 240 units in February. Each finished unit requires three pounds of raw material Z. which costs $2 per pound. Each month's ending inventory of raw materials should be 40% of the following month's budgeted production. The January 1 raw materials inventory has 130 pounds of Z Prepare a direct materiais budget for January 360 units is ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (units) Materials requirements per unit Materials nooded for production (lbs) Add Beginning inventory (lbs) Total materials requirements (lbs) Loss Budgeted onding inventory (lbs) Materials to be purchased (lbs) Materials price per pound Total cost of direct materials purchases lbs b lbs Ibs O lbs perib