The Following Facts Are Known $\bullet$ The Total Pounds Needed for Production Are 2 Times the for Production

Essay

The following facts are known:
$\bullet$ The total pounds needed for production are 2 times the units to be produced.
$\bullet$ The desired ending direct materials inventory is 20% of the total pounds needed for production.
$\bullet$ The beginning direct materials inventory is equal in number to 10% of the units to be produced.
$\bullet$ Cost per pound is $10.
$\bullet$ Total cost of the direct materials purchases is $1,610,000.
Instructions
Prepare a direct materials budget for the period.