Cleary Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 850 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.20 per pound. Read the requirements Plus: Desired ending inventory 950 325 1.225 1,225 Total needed 4.350 4,625 4,525 11,725 950 Less: Beginning inventory 3.500 3,675 3,700 Units to produce 10,875 850 825 850 Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. Cleary Manufacturing i Data Table Direct Materials Budget For the Months of January through March Number of planters to be sold January February March Quarter 3,500 3.675 Units to be produced 3.700 10,875 3,400 January ...... 5 3,800 February ..... 41 Multiply by: Quantity of direct materials needed per unit March ...... 3,300 Quantity needed for production 14000 14700 14800 43500 2940 4,900 2960 April.. 5820 5620 Plus: Desired ending inventory of direct materials May 4.600) Total quantity needed 16940 17660 20620 49320 Print Enter any number in the edit fields and then click Check Answer. Done ? 1 remaining Clear All Final Check