Dorothy Thomas, Vaughn & Chris Fabricators' purchasing manager, has just received the company's production budget for the first quarter. March January 21,000 5,600 February 28,000 6,200 34,200 5,600 Budgeted unit sales + Budgeted ending inventory Total units required - Beginning inventory Budgeted production 31,000 7,600 Quarter 80,000 7,600 87,600 3,300 84,300 26,600 3,300 38,600 6,200 23,300 28,600 32,400 Budgeted sales for April is 38,000 units and for May is 26,000 units. Each brick requires 6 pounds of clay, and Dorothy expects to pay $1.50 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 10% of the following month's production needs. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume. Dorothy expects to have 15,000 pounds of clay at a cost of $22,500 in inventory at the beginning of the year. Prepare Vaughn & Chris's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, e.g. 52.75.) January February March Budgeted production 23300 28600 32400 Standard pounds per unit 6 6 6 Production needs 139800 171600 194400 Budgeted ending inventory A 17160 19440 Total DM required (lbs.) 156960 191040 Beginning inventory Budgeted purchases (lbs.) Standard cost per pound ta ta Budgeted purchases cost