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Current Attempt in Progress Marcy Jones, Marigold & Hill Fabricators' purchasing manager, has just received the company's production budget for the first quarter. January March

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Current Attempt in Progress Marcy Jones, Marigold & Hill Fabricators' purchasing manager, has just received the company's production budget for the first quarter. January March Quarter February 25,012 Budgeted Production 12.656 22.243 59,911 Budgeted sales of Aprilis 18,850 and its beginning inventory is 2,451. May month budgeted sales is 14,950. Company policy requires an ending finished goods inventory each month that will meet 13% of the following month's sales volume. Each brick requires 3.00 pounds of clay, and Marcy expects to pay $0.26 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 7% of the following month's production needs. Marcy expects to have 12,285 pounds of clay at a cost of $4,914 in inventory at the beginning of the year. Prepare Marigold & Hill's direct materials purchases budget for the first quarter. (Round answers to decimal places, eg,5,275 and enter price per pound to 2 decimal places, eg. 52.75.) January February March >

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