Clinton Industrial has estimated that production for the next five quarters will be Production Information 1st quarter, 2020 54,000 units 2nd quarter, 2020 48,800 units 3rd quarter, 2020 59.200 units 4th quarter 2020 46,400 units 1st quarter 2021 55,600 units Finished units of production require 6 pounds of raw material per unit The raw material cost is 57 per pound. There is $340.200 of raw material on hand at the beginning of the first quarter, 2020. Clinton desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter Prepare quarterly direct materials purchases budgets for Clinton Industrial for 2020 Clinton Industrial Direct Materials Purchases Bu For the Year Ending December 3 Quarter 2 Quarter 1 Reciedaw material purchase Units to be produced Being inventor Beginning the torm - Finished units of production require o pounds of raw material per unit. The raw material cost is $7 per pound. There is $340 200 of raw material on hand at the beginning of the first quarter, 2020. Clinton desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Clinton Industrial for 2020. Clinton Industrial Direct Materials Purchases Bu For the Year Ending December 3 Quarter 2 Quarter 1 Required raw material purchases Units to be produced Beginning inventory of raw material Desired ending inventory of raw materia Beginning inventory of raw materia Add Units to be produced 1 Costra terlal per unit eTextbook and Media Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $340,200 of raw material on hand at the beginning of the first quarter, 2020. Clinton desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Clinton Industrial for 2020. Clinton Industrial It Materials Purchases Budget Year Ending December 31, 2020 Quarter 2 Quarter 3 Quarter 4 Year