Crane Chemicals has developed a new window cleaner that requires two ingredients, AM972 and CA38. Based on forecasted sales, Crane has developed the following budgeted production for the coming year. 1st Quarter 4,000 2nd Quarter 7,000 3rd Quarter 9,000 4th Quarter 12,000 1st Quarter Next Year 6,000 Forecasted production (gallons) Each gallon of window cleaner requires 100 ounces of AM972 and 28 ounces of CA38. An ounce of AM972 costs Crane $0.10. An ounce of CA38 costs the company $0.25. Crane's inventory policy requires ending inventory equal to 20% of the next quarter's production needs. At the beginning of the year, Crane expects to have 80,000 ounces of AM972 and 30,000 ounces of CA38 on hand. Prepare Crane's AM972 purchases budget for the coming year. (Enter price per ounce to 2 decimal places, e.g. 0.35.) 1st Quarter 2nd Quarter 3rd Quarter Total DM required (ounces) Budgeted ending inventory Standard ounces per gallon Production needs Standard price per ounce Budgeted production Budgeted purchases cost Beginning inventory Budgeted purchases (ounces) $ $ $