22 of 23 -14 E The budget components for Martinez Company for the quarter ended June 30 appear below. Martinez sells high performance coolers for $120 each. Budgeted sales and production for the next three months are: Sales Production April 22,300 units 26,100 units May 50,600 units 46,000 units June 30,200 units 29,000 units Martinez desires to have coolers on hand at the end of each month equal to 20 percent of the following month's budgeted sales in units. On March 31, Martinez had 4,460 completed units on hand. Five pounds of plastic are required for each cooler. At the end of each month, Martinez desires to have 10 percent of the following month's production material needs on hand. At March 31, Martinez had 13,050 pounds of plastic on hand. The materials used in production cost $0.50 per pound. The production of each cooler requires 0.10 hours of direct labor. Determine the budgeted cost of direct materials purchases for the month of April. Budgeted cost of direct materials purchases for April $