(Materials purchasing budget) Alberta Culvert Company has budgeted sales of 200,000 feet of its concrete culvert products for June 1997. Each foot of product requires 12 pounds of concrete ($.10 per pound) and 15 pounds of gravel ($.03 per pound). Actual beginning inventories and projected ending inventories are shown below.

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

b. How many pounds of gravel does Alberta Culvert plan to purchase in June? What will be the cost of that purchase?LO1

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JUNE 1 JUNE 31 Finished Goods Inventory (in feet) 25,000 10,500 Concrete (in pounds) 82,000 68,600 Gravel (in pounds) 65,300 92,500