material purchases budget) King Culvert Company has budgeted sales of 380,000 feet of its concrete culvert products for June 2006. Each foot of product requires 8 pounds of concrete ($0.11 per pound) and 15 pounds of gravel ($0.05 per pound). Actual beginning inventories and projected ending inventories are shown below.

a. How many pounds of concrete does King Culvert plan to purchase in June? What will be the cost of those purchases?

b. How many pounds of gravel does King Culvert plan to purchase in June? What will be the cost of those purchases?LO.1

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June 1 June 30 Finished goods inventory (in feet) 24,500 20,000 Concrete (in pounds) 82,000 68,600 Gravel (in pounds) 65,300 92,500