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3. LO 3 Stacy Moore is preparing the materials purchases budget for the second quarter. The production manager has provided the following production budget: April65,000

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LO 3 Stacy Moore is preparing the materials purchases budget for the second quarter. The production manager has provided the following production budget: April65,000 units, May50,000 units, June70,000 units. Each unit requires 8 pounds of direct materials, and Stacy wants to maintain an ending inventory equal to 20% of the next month's production needs. How many pounds of material will Stacy budget to purchase in May?

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