Centennial Company has estimated the following number of units will be produced for the following months in 2022

May - 6490 Units

June - 6650 Units

July - 7300 Units

August - 8500 Units

The production process requires 2 pounds of Flexplas raw material to complete the production of each unit of the finished product Duraflex.

The purchases department expects the raw materials to cost $5.00 per pound.

All materials ending inventories are to be maintained at 5% of the production needs for the next month, but not to exceed 1,000 pounds.

Please answer the following question:

Prepare a purchase budget for June and July of 2022.