Electro Company budgets production of 510,000 transmissions in the second quarter and 585,000 transmissions in the third quarter Each transmission requires 0.8 pounds of a key raw material. Electro Company aims to end each quarter with an ending inventory of direct materials equal to 20% of next quarters budgeted materials requirements. Beginning inventory of this raw material is 81, 600 pounds. Direct materials cost $1.76 per pound. Prepare a direct materials budget for the second quarter