Data provided to present a budget for the purchase of direct materials The cost of direct materials for a snowboard is estimated at $ 80. As of January 1, 2016 the balance of the inventory of raw materials It amounted to $ 14,400. Alpine wants to have 20 percent of next quarter's production needs on hand at the end of each quarter. Alpine plans to produce 1,136 snowboards in the first quarter of 2017. Therefore, the ending inventory in direct materials in the fourth quarter of 2016 should be $ 18,176. Instructions:. Prepare a quarterly direct material purchase budget for Alpine for 2016.

Direct Material Purchases Budget For the Year Ending December 31, 2016 First Quarter/ Second Quarter /Third Quarter/ Fourth Quarter/ Year Units to be produced _______ _______ _______ _______ _______ Cost of parts per unit $_______ $_______ $_______ $_______ $_______ Costs of parts needed _______ _______ _______ _______ _______ Plus desired ending inventory _______ _______ _______ _______ _______ Total needed _______ _______ _______ _______ _______ Less beginning inventory _______ _______ _______ _______ _______ Cost of purchases $_______ $_______ $_______ $_______ $_______