-/1 III Question 2 of 6 View Policies Current Attempt in Progress Uli Industrial has estimated that production for the next five quarters will be: Production Information 1st quarter, 2020 47,700 units 2nd quarter, 2020 43,200 units 3rd quarter, 2020 52,200 units 4th quarter, 2020 40,800 units 1st quarter, 2021 49,300 units Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $ 300,510 of raw material on hand at the beginning of the first quarter, 2020. Uli desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Ull Industrial for 2020. Uli Industrial Direct Materials Purchases Budg For the Year Ending December 31, Quarter 2 Quarter 1 Desired ending inventory of raw material Required raw material purchases Units to be produced Total material needed Cost of raw material needed for production Cost of raw material per unit Beginning inventory of raw material -/1 Question 2 of 6 Un mostrar nas estimated that production for the next le quarters wurde Production Information 1st quarter, 2020 47.700 units 2nd quarter, 2020 43,200 units 3rd quarter, 2020 52,200 units 4th quarter, 2020 40,800 units 1st quarter 2021 49,300 units Finished units of production require 6 pounds of raw material per unit. The raw material cost is $ 7 per pound. There is $ 300,510 of raw material on hand at the beginning of the first quarter, 2020. Uli desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Uli Industrial for 2020. Uli Industrial Direct Materials Purchases Budg For the Year Ending December 31, Quarter 1 Quarter 2 Add Less