Austen Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: B Click the icon to view additional information.) Inventory at the start of the year was 900 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.10 per pound. Read the requirements. March 3,600 Quarter 10,500 3 Austen Manufacturing Direct Materials Budget For the Months of January through March January February Units to be produced 3,550 3,350 3 3 Multiply by: Quantity of direct materials needed per unit Quantity needed for production 10,650 10,050 Plus: Desired ending inventory of direct materials 2,010 2,160 Total quantity needed 12,660 12,210 Less: 1065 Beginning inventory of direct materials 1005 Quantity to purchase Multiply by: Cost per pound 10.800 2,760 1 31,500 2.760 13,560 34,260 1080 3150 Total cost of direct material purchases