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 5,710 2nd Quarter 7,940 3rd Quarter 9,480 4th Quarter 13,260 1st Quarter Next Year 6,760 Forecasted production (gallons) Each gallon of window cleaner requires 127 ounces of AM972 and 25 ounces of CA38. An ounce of AM972 costs Crane $0.12. An ounce of CA38 costs the company $0.23. 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. (Round answers to O decimal places, e.g.5,275 and enter price per ounce to 2 decimal places, e.g. 0.35.) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted production 5710 9480 Standard ounces per gallon Production needs Total DM required (ounces) Beginning inventory Standard price per ounce