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 plzzas for September Units 12" Pizza 16" Pizza Budgeted production volume 12,500 21,800 Three direct materials are used in producing the two types of plzza. The quantities of direct materials expected to be used for each pizza are as follows: 12" Pizza 16" Pizza Direct materlals: 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 materlal: Dough Tomato Cheese Estimated inventory, September 1 490 lb 230 lb 275 lb. Desired inventory, September 30 580 lb 185 lb. 340 lb. Price per pound $0.50 $2.20 $2.60 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent Price per pound $0.50 $2.20 $2.60 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 Dough Tomato Cheese Total Units required for production: 12" pizza 10,000 6,250 8,750 16 pizza 32,700 15,260 28,340 Plus desired inventory, September 30 580 185 340 Total 43,280 21,695 37430 Less estimated imventory, September 1 490 230 275 Total units to be purchased Unit price 0.50 Vxs 2.20 2.60 Total direct materials to be purchased