*Exercise 5-14 Vaughn Chemicals has developed a new window cleaner that requires two ingredients, AM972 and CA38. Based on forecasted sales, Vaughn has developed the following budgeted production for the coming year 1st Quarter 5,070 2nd Quarter 8,470 3rd Quarter 9,180 4th Quarter 12,050 1st Quarter Next Year 7,670 Forecasted production (gallons) Each gallon of window cleaner requires 111 ounces of AM972 and 25 ounces of CA38. An ounce of AM972 costs Vaughn $0.13. An ounce of CA38 costs the company $0.23. Vaughn's inventory policy requires ending inventory equal to 20% of the next quarter's production needs. At the beginning of the year, Vaughn expects to have 80,000 ounces of AM972 and 30,000 ounces of CA38 on hand Prepare Vaughn's AM972 purchases budget for the coming year. (Round answers to o decimal places, e.g.5,275 and enter price per ounce to 2 decimal places, e.g. 0.35.) 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual 5,070 8,470 9,180 12,050 Question Attempts: 0 of 3 used