Exercise 7-7 (Algo) Manufacturing: Direct materials budget LO P1 Rida incorporated is preparing its direct materials budget for the second quarter it budgets production of 279,000 units in the second quarter and 65.500 units in the third quarter. Each unit requires 0.60 pound of direct material, priced at $188 per pound, Starting with the second quarter, the company plans to end each quarter with an ending inventory of materials equal to 50% of next quarter's budgeted direct materials required. Raw material inverntory is 83,700 pounds at the beginning of the second quarter Prepare a direct materiais budget foc the second quarter. Note: Enter "per unit" answers in two decimal places. Prepare a direct materials budget for the second quarter Note: Enter "per unit" answers in two decimal places