Accustart Industrial has estimated that production for the next five quarters will be Production Information 1st quarter, 2020 48,600 units 2nd quarter. 2020 44,000 units 3rd quarter, 2020 53,200 units 4th quarter. 2020 41,600 units 1st quarter. 2021 50,200 units Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $306,180 of raw material on hand at the beginning of the first quarter, 2020. Accustart 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 Accustart Industrial for 2020. Accustart Industrial Direct Materials Purchases Budge For the Year Ending December 31, 2 Quarter 2 Quarter 1 Units to be produced 18600 44000 Cost of raw material per unit 6 $ 6 5 Cost of raw material needed for production Add Desired ending inventory of raw material Total material needed Less Beginning inventory of raw material Required raw material purchases Prepare quarterly direct materials purchases budgets for Accustart Industrial for 2020. Accustart Industrial Direct Materials Purchases Budget the Year Ending December 31, 2020 Quarter 2 Quarter 3 Quarter 4 Year 44000 53200 41600 187400 6 $ $ A $