Zortek Corp. budgets production of 440 units in January and 220 units in February. Each finished unit requires four 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 140 pounds of Z. Prepare a direct materials budget for January ZORTEK CORP 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) Add: Beginning inventory (lbs.) Materials to be purchased (lbs.) Materials price per pound Total cost of direct materials purchases