Zortek Corporation budgets production of 460 units in January and 340 units in February. Each finished unit requires four pounds of material Z, which costs $3 per pound. Each month's ending inventory of material Z should be 40% of the following month's budgeted production. The January 1 inventory has 1,100 pounds of material Z. Prepare a direct materials budget for January. X Answer is complete but not entirely correct. ZORTEK CORPORATION Direct Materials Budget January 460 units Units to produce Materials requirements per unit Materials needed for production (pounds) Add: Desired ending materials inventory Total materials requirements (pounds) Less: Beginning materials inventory (pounds) Materials to be purchased (pounds) Materials cost per pound Cost of direct materials purchases 4 pounds 1,840 pounds 136 X pounds 1,976 pounds 1,100 pounds 876 pounds 3 per pound 2,628 $ $