Cheyenne, Inc. makes and sells serving trays. Eachtray uses 1/2 pound of plastic Budgeted production of trays in units for the next three months is as follows: May April June Budgeted production 20,800 23.300 25,300 The company wants to maintain monthly ending inventories of plastic equal to 20% of the following month's budgeted production needs. The cost of plastic is $2 per pound, Prepare a direct materials purchases budget for the month of May. (Round pounds of plastic needed for each bucket to 1 decimal place and cost per pound to two decimal places) 23,000 50 11500