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Smoke, Inc. makes and sells buckets. Each bucket uses 1/2 pound of plastic. Budgeted production of buckets in units for the next three months is as follows: April May 22,000 June 24,000 Budgeted production 21,000 The company wants to maintain monthly ending inventories of plastic equal to 25% of the following month's budgeted production needs. The cost of plastic is $2.20 per pound. Prepare a direct materials purchases budget for the month of May. (Enter negative amounts using either a negative sign preceding the number eg. 45 or parentheses eg. (45). Round pounds of plastic needed for each bucket to 1 decimal palce and cost per pound to two decimal palces.) > > > $ Cost per pound Beginning inventory, pounds of plastic Buckets to be produced during May Total pounds of plastic needed for production Pounds of plastic needed to purchase Pounds of plastic needed for each bucket Ending inventory, pounds of plastic desired Estimated cost of purchases for May