Exercise 175 Tall Oak, Inc. produces rulers from plastic resin. Tall Oak has estimated production and sales of rulers in units for the next 2 months as: Mary June Estimated production 42,000 48 Estimated sales ,000 50,000 36,000 Each ruler requires 0.25 pounds of resin. The cost of resin is $4.50 per pound. Tall Oak wants to have 20% of the next month's materials requirements on hand at the end of each month. Prepare a direct materials purchases budget for the month of May. (Enter negative amounts using either a negative sign preceding the number e.g. 45 or parentheses e.g. (45). Round pounds needed per unit to 1 decimal palce and cost per pound to two decimal palces) TALL OAK, INC. Direct Materials Purchases Budget Month of May Click if you would like to Show Work for this question: Open Show Work