Balmforth Products, Inc. makes and sells a single product called a Bik. It takes three yards of Material A to make one Bik. Budgeted production of Biks for the next five months is as follows: February 14,000 units March 15,500 units April 11,900 units May 12,600 units June 14,500 units Balmforth wants to maintian monthly eding inventories of Material A equal to 20% of the following month's production needs. On January 31, this target had not been attained since only 2,000 yards of Material A were on hand. The cost of Material A is $0.80 per yard. The company wants to prepare a Direct Materials Purchases Budget. Prepare a budget for the total cost of Material A to be purchased in February