Direct materials purchases budget. (5 minutes) Europa-Dyonisos, SA, produces wine. The company expects to produce 1.5 million 2-litre bottles of Chablis in 2001. Europa-Dyonisos purchases empty glass bottles from an outside vendor. Its target closing stock of such bottles is 50,000; its opening stock is 20,000. For simplicity, ignore breakage.

REQUIRED Calculate the number of bottles to be purchased in 2001.