Carol Steven, Sheridan & Edward Fabricators' purchasing manager, has just received the company's production budget for the first quarter Budgeted unit sales + Budgeted ending inventory Total units required - Beginning inventory Budgeted production January 21,000 5,600 26,600 3,500 23,100 February March 28,000 30,000 6,000 7,400 34,000 37,400 5,600 6,000 28,400 31,400 Quarter 79,000 7,400 86,400 3,500 82,900 Budgeted sales for Aprilis 37,000 units and for May is 26,000 units. Each brick requires 6 pounds of clay, and Carol expects to pay $1.50 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 10% of the following month's production needs. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume. Carol expects to have 15,000 pounds of clay at a cost of $22,500 in inventory at the beginning of the year. Prepare Sheridan & Edward's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, eg. 52.75.) January February March > > > $ $ $ $ $ $