Current Attempt in Progress

Transitioning from employee to manager has been exciting for Matthew! He enjoys having the responsibility and authority to make decisions, and it is rewarding to join the management team, sharing insights to make better decisions. One of his first responsibilities is to address the DM purchases budget. The company has a strong relationship with its current supplier, but the quality of the supplier's DM has declined. Knowing this, Matthew has already reached out to a different vendor to see what kind of a deal it might offer. The DM information for Matthew's division and for each vendor just described is as follows.

DM on hand as of July $1$ slightly exceeds expectations at $1,580$ linear board feet.

Each unit requires $4$ linear board feet; Matthew is most comfortable if the company has $20\%$ of the following month's production needs on hand.

The cost per linear foot is $$5\mathrm{.}50$ with the current supplier; it's $$6\mathrm{.}00$ with the new vendor.

Planned production for July is $1,900$ units; for August is $2,000$ units; for September is $2,000$ units; and for October is $1,600$ units.

The A$/$P balance related to June DM purchases is $$34,125$ on July $1.$

$($a$)$

Prepare the DM purchases budget for the third quarter, assuming Matthew stays with the current supplier. Specify amounts for each month and for the quarter overall. $($Round DM cost per linear foot to $2$ decimal places, e$.$g$.15\mathrm{.}25.)$

July

August