1. The DM budget (2pts): The Jung Corporation's production budget calls for the following number of units to be produced each quarter for next year: Budgeted production Quarter 1 Quarter 2 Quarter 3 Quarter 4 45,000 units 38,000 units 34,000 units 48,000 units Each unit of product requires three pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 30% of that quarter's direct material requirements. Calculate the budgeted direct materials purchases for the third quarter