Direct Materials Purchases Budget FlashKick Company manufactures and sells soccer balls for teams of children in elementary and high school. FlashKick's best-selling lines are the practice ball line (durable soccer balls for training and practice) and the match ball line (high- performance soccer balls used in games). In the first four months of next year, FlashKick expects to sell the following: Practice Balls Match Balls Units Selling Price Units Selling Price January 50,000 $8.75 7,000 $16.00 February 58,000 $8.75 7,500 $16.00 March 80,000 $8.75 13,000 $16.00 April 100,000 $8.75 18,000 $16.00 Every practice ball requires 0.7 square yard of polyvinyl chloride panels, one bladder with valve (to fill with air), and 3 ounces of glue. FlashKick's policy is that 20 percent of the following month's production needs for raw materials be in ending inventory. Beginning inventory in January for all raw materials met this requirement. Required: Construct a direct materials purchases budget for each type of raw materials for the practice ball line for January and February of the coming year. If required, round your answers to the nearest cent. Direct materials purchases budget for polyvinyl chloride panels: Flash Kick Company Direct Materials Purchases Budget - Polyvinyl Chloride Panels For January and February Polyvinyl chloride panels: January February Units produced 50,000 X 58,000 X Direct materials per unit 0.7 0.7 35,000 X 40,600 X Direct materials for production Desired ending inventory 8,120 x 11,120 X 43,120 X 51,800 x Total needed Less: Beginning inventory 7,000 X 8,120 X Direct materials purchases 36,120 X 43,680 X Feedback Direct materials purchases budget for bladder and valve: Flash Kick Company Direct Materials Purchases Budget - Bladder and Valve For January and February Bladder and valve: January February Units produced 50,000 X 58,000 X Direct materials per unit 1 1 50,000 X 58,000 X Direct materials for production Desired ending inventory 11,600 X 16,000 X Total needed 61,600 X 74,000 x Less: Beginning inventory 10,000 X 11,600 x Direct materials purchases 51,600 X 62,400 X Direct materials purchases budget for glue: Flash Kick Company Direct Materials Purchases Budget - Glue For January and February Glue: January February Units produced 50,000 X 58,000 X Direct materials per unit 3 3 150,000 X 174,000 X Direct materials for production Desired ending inventory 34,800 X 48,000 Total needed 184,800 x 222,000 x Less: Beginning inventory 30,000 x 34,800 X Direct materials purchases 154,800 X 187,200 X