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Aaron Furniture builds high-end hand-made dining tables. Attacus Simmons, the companys owner, has developed the following sales forecast for 2018.

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Forecasted sales (tables)		2,500		2,700		2,900		2,200

Because of the time needed to create each table, Aaron maintains an ending Finished Goods Inventory of 20% of the following quarters budgeted sales. Aaron has been following this inventory policy for several years. The company ended 2017 with 500 tables on hand. The standard cost card for a table is as follows:

		Standard Quantity		Standard Price			Total Standard Cost
American cherry wood		25 board feet		$5/board foot				$125
American cherry turning square (legs)		4 squares		$10/square				40
Direct labor		12 DLH		$18/DLH				216
Variable overhead		12 DLH		$60/DLH				720
Fixed overhead		12 DLH		$10/DLH				120
								$1,221

Aaron maintains inventory of American cherry wood equal to 10% of the following quarter's production needs. On December 31, 2017, Aaron's physical inventory count showed 5,500 board feet of American cherry. Due to an anticipated price increase in 2019, managers want to have 10,000 board feet of American cherry wood in inventory on December 31, 2018. Prepare Aaron's 2018 direct materials purchases budget for American cherry wood. (Round answers to o decimal places,e.g. 5,275.) Direct Materials Purchases Budget Ist Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Budgeted production 2540 2740 2760 2360 10400 Standard board feet 1.77 6900 5900 10000 needs 70350 75400 74900 69000 270000 Budgeted ending inventory 5500 6850 6900 5900 5500 Total DM required 64850 68550 68000 63100 264500 Beginning inventory Budgeted purchases Standard price per board feet Budgeted purchases cost