Each unit requires three feet of metal tubing. The company wishes to have ending inventory of metal tubing equal to 110% of its next month's production needs, plus an additional 100 feet. January's beginning inventory meets this requirement. Milligan's standard cost per foot is $2.8. Prepare the 1st quarter direct materials purchases budget for metal tubing. (Round Standard material per unit to O decimal place, e.g. 5,275 and Standard price per foot answers to 2 decimal places, e.g. 52.75.) MilliganManufacturing Company Direct Materials Purchases Budget Metal Tubing 1st Quarter January February N Standard material per unit