Canyon Corporation's budgeted production schedule, by quarters, for the coming year is as follows: Quarter 1 = 34,500 units Quarter 2 = 31,000 units Quarter 3 = 29,000 units Quarter 4 = 36,000 units Each unit of product requires two pounds of direct material. The company's policy is to begin each quarter with 25% of that quarter's direct materials production requirements. Canyon expects to have 62,000 pounds of direct materials on hand at the beginning of Quarter 1. What would be Canyon's budgeted direct materials purchases for the second quarter of the year? Multiple Choice 60,375 pounds 63,000 pounds. 62.000 pounds 75,500 pounds. 61000 pounds