Electro Company budgets production of $560,000$ electric panels in the second quarter and $630,000$ electric panels in the third quarter. Each panel requires $0\mathrm{.}80$ pound of direct material at a cost of $$1\mathrm{.}20$ per pound. The company desires to end each quarter an ending inventory of this material equal to $20\%$ of next quarter's budgeted materials requirements. Beginning inventory of this material is $89,600$ pounds.

Prepare a direct materials budget for the second quarter.

$\backslash$table$[[$ELECTRO COMPANY,$],[$Direct Materials Budget,$],[$Units to produce,,$],[,$Second Quarter,$],[$Materials needed for production $($pounds$),560,000,$units$],[,,],[$Total materials required,,$],[,,],[$Materials to purchase $($pounds$),,],[,,],[$Cost of direct materials purchases,,$]]$