Exercise 7.7 (Algo) Manufacturing: Direct materials budget LO P1 Riaa incorporated is prepanng as direct materiaks budget for the second quarter. It budgets production of 242,000 units in the second quartet and 54.500 untls in the third quater. Each unit requieet 060 pound of direct eaterial, priced at 5177 per pound Startang with the second quartet, the compony plans to end each quarter with an ending inventory of naterias equad to 40 be of next quarter's budgeted direct mateints required Rins materat inventory is 58,080 pounds at the beginning of the shecond quarter Prepare a direct materials buoget for the second quateri (Enter "per unit" answers in two decimal places.)