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AQA Corporation budgeted the following production for year 2021 as the following Quarter Budgeted production/units First 45000 Second 38000 Third 34000 Fourth 48000 Each unit

AQA Corporation budgeted the following production for year 2021 as the following

Quarter

Budgeted production/units

First

45000

Second

38000

Third

34000

Fourth

48000

Each unit of product requires 5 pounds of direct material. The company's policy is to begin each quarter with an inventory of direct materials equal to 25% of that quarter's direct material requirements. The budgeted production of the first quarter of year 2022 is 50000 units.

Requirement: Prepare budgeted direct materials purchases for year 2021.

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