ERSION BACK year Mackenzie Chemicals has developed a new window cleaner that requires two ingredients, AM972 and CA38. Based on forecasted sales, Mackenzie has developed the following budgeted production for the coming 1st Quarter 1st Quarter 2nd Quarter 3rd Quater 4th Quarter Next Year 9,000 Forecasted production (gallons) 5,030 7,910 13,260 6,070 Each gallon of window cleaner requires 145 ounces of AM972 and 28 ounces of CA38. An ounce of AM972 costs Mackenzie $0.15. An ounce of CA38 costs the company $0.25. Mackenzie's inventory policy requires ending inventory equal to 20 percent of the next quarter's production needs. At the beginning of the year, Mackenzic expects to have 80,000 ounces of AM972 and 30,000 ounces of CA38 on hand. Prepare Mackenzie's A 1972 purchases budget for the coming year (Round answer s to 0 decanal places, eg S 275 and enterprice erounce to 2 decina places, e a 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annua Budgeted production 7910 145 1146950 5030 9000 13260 145 1922700 35200 Standard ounces per gallon 145 145 145 Production needs 729350 1305000 5104000 Budgeted ending invento Total DM requ uired (ounces) Budgeted purchases (ounces) Standard price per ounce 0.15 0.15 0.15 0.15 0.15 Budgeted purchases cost