Flyer, Inc. produces rulers from plastic resin. On March 1, there are 5,000 completed rulers and 5,200 pounds of resin on hand. Flyer has estimated production and sales of rulers in units for the next 4 months as:

Each ruler requires 0.25 pounds of resin. The cost of resin is $4.40 per pound. Flyer wants to have 20% of the next month's material requirements on hand at the end of each month. In good form, prepare a direct materials purchases budget for the May in the space provided. (Omit the heading.)

Transcribed Image Text:

March 26,000 25,000 May June April 22,000 Estimated production Estimated sales 30,000 32,000 24,000 21,000 33,000