Concord Chemicals has developed a new window cleaner that requires two ingredients, AM972 and CA30. Based on forecastud sales, Concord has developed the following budgeted production for the coming year. 1st Quarter Nedt Year 1st Quarter 2nd Quarter 3rd Quarter 5,500 7.500 10,000 4th Quarter 12,500 Forecasted production gallons) 4000 Each gallon of window cleaner requires 100 ounces of AM972 and 28 ounces of CA3B. An ounce of AM972 costs Concord $0.25. An ounce of CA2B costs the company $0.25. Concord's inventory policy requires ending inventory equal to 30% of the next quartar's production needs. At the beginning of the year, Concord expects to have 90,000 ounces of AM972 and 30,000 ounces of CA3B on hand Prepare Concord's AM972 purchases budget for the coming year. (interior acto2dincimales 4.0.35) 2nd Quarter 1st Quarter 3rd Quarter > $ $ S 3 $ 2nd Quarter 3rd Quarter 4th Quarter Annual I $ s UR $ $ $