Zortek Corporation budgets production of 490 units in January and 240 units in February. Each finished unit requires four pounds of material Z, which costs $2 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 784 pounds of material Z. Prepare a direct materials budget for January. ZORTEK CORPORATION Direct Materials Budget January Units to produce units pounds Materials needed for production (Pounds) pounds pounds Total materials required (Pounds) pounds pounds Materials to purchase (Pounds) pounds per pound Cost of direct materials purchases