Zortek Corp. budgets production of 400 units in January and 270 units in February. Each finished unit requires two pounds of raw material Z, which costs $3 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 160 pounds of Z. Prepare a direct materials budget for January 400 units lbs ibs ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (units) Materials requirements per unit Materials needed for production (0) Add: Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Loss Beginning inventory (lbs) Materials to be purchased (lbs) Materials price per pound Total cost of direct materials purchases ibs Ibs ibs obs perb