Electro Company budgets production of $610,000$ electric panels in the second quarter and $680,000$ electric panels in the third quarter. Each panel requires $0\mathrm{.}80$ pound of direct materlal at a cost of $$1\mathrm{.}70$ per pound. The company desires to end each quarter with an ending inventory of this material equal to $20\%$ of next quarter's budgeted materials requirements. Beginning inventory of this material Is $97,600$ pounds.

Prepare a direct materlals budget for the second quarter.

$\backslash$table$[[$ELECTRO COMPANY,$],[$Direct Materials Budget,$],[$Units to produce,,Second Quarter$],[,610,000,$units$],[$Materials needed for production $($pounds$),,],[,,],[$Total materials required,,$],[,,],[$Materials to purchase $($pounds$),,],[,,],[$Cost of direct materials purchases,,$]]$