Zortek Corp. budgets production of 430 units in January and 200 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 30% of the following month's budgeted production. The January 1 raw materials inventory has 180 pounds of Z. Prepare a direct materials budget for January. ZORTEK CORP. units lbs. lbs. Direct Materials Budget For Month Ended January 31 Budget production (units) Materials requirements per unit Materials needed for production (lbs.) Add: Budgeted ending inventory (lbs.) Total materials requirements (lbs.) Less: Beginning inventory (lbs.) Materials to be purchased (lbs.) Materials price per pound $ Total cost of direct materials purchases lbs. lbs. lbs. 0 lbs. 2 per lb