Zotek Corp, budgets production of 320 units in January and 220 units in February. Each finished unit requires five pounds of raw material Z, which costs $2 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 200 pounds of Z. Prepare a direct materials budget for January ZORTEK CORP Direct Materials Budget For Month Ended January 31 Budget production (units) Materials nooded for production (bis) units ibs ibs Ibs is is Total matonals requirements (bs) Materials to be purchased (lbs) per i Total cost of direct materials purchases