Zortek Corp. budgets production of 400 units in January and 200 units in February. Each finished unit requires five 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 materials budget for January. ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (units) Materials needed for production (bs ) Total materials requirements (bs.) Materiais to be purchased (lbs.) Total cost of direct materials purchases unts bs lbs. bs. lbs. ibs bs per b