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Coronado Auto has developed the following production plan for its new auto part. Coronado Auto has developed the following production plan for its new auto

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Coronado Auto has developed the following production plan for its new auto part. January February March April Budgeted production (units) 11,420 8,010 9,360 14,160 Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 142% of the next month's production needs, plus an additional 576 pounds. January's beginning inventory requirements equal 142% of the current month's production needs, plus an additional 576 pounds. Prepare the direct materials purchases budget for the first three months of the coming year. (Round answers to o decimal places, e.g. 5,275.) January February Quarter Budgeted production 11,420 March 8,010 9,360 28790 Standard pounds per unit 3 3 3 Production needs 34260 24030 28080 86370 Budgeted ending inventory 11950 13867 20683 20683 x Total DM required (lbs.) 46570 37897 48763 107053 X Beginning inventory 16792 11950 13867 42609 x x Budgeted purchases (lbs.) 29778 25947 34896 90621

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