DQuestion The following information is located in the production department of Fitness Co First Quarter Second Quarter Third Quarter Units produced 15,000 25,000 10,000 Other information found in the production department includes: Prior Year Ending RM Inventory Prior Year Ending A/P Pounds of RM per unit 13,125 $ 18,750 3.5 Fourth Quarter 34,500 10 pts The ending raw material inventory per month should be 25% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 2,700 pounds. Management plans to pay for 55% of the raw material purchases in the quarter bought and 45% in the following quarter. Required Given the data, the second quarter direct materials budget should be: Use the following template to help you format your budget. Direct Materials Budget Second Quarter Required: Given the data, the second quarter direct materials budget should be: Use the following template to help you format your budget. Direct Materials Budget Second Quarter Cost of Raw Materials Cost of Direct Materials Purchased $3.00