Direct Materials Purchases Budget Lorenzo's Frozen Pizza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Budgeted production volume Units 12" Pizza 16" Pizza 15,100) 25,100 Three direct materials are used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 12" Pizza 16" Pizza Direct materials: Dough 0.80 lb. per unit 1.50 lb. per unit Tomato 0.50 0.70 Cheese 0.70 1.30 In addition, Lorenzo's has determined the following information about each material: Dough Tomato Cheese Estimated inventory, September 1 530 lb. 160 lb. 290 lb. Desired inventory, September 30 560 lb. 160 lb. 320 lb. Price per pound $1.30 $2.30 $3.10 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Dough Tomato Cheese Estimated Inventory, September 1 530 lb. 160 lb. 290 lb. Desired inventory, September 30 560 lb. 160 lb. 320 lb. Price per pound $1.30 $2.30 $3.10 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Units required for production: 12" pizza 16" pizza Dough Total pounds required Total pounds to be purchased Unit price (per pound) Total direct materials to be purchased Tomato Cheese Total 000