Flint. Inc. makes and sells serving trays. Each tray uses 1/2 pound of plastic. Budgeted production of trays in units for the next three months is as follows: The company wants to maintain monthly ending inventories of plastic equal to 20% of the following month's budgeted production needs. The cost of plastic is $2 per pound. Prepare a direct materials purchases budget for the month of May. (Round pounds of plostic needed for each bucket to 1 decimal ploce and cost per pound to two decimal ploces) Serving trays to be produced in May Pounds of plastic to be purchased Beginning direct materials inventory Desired direct materials ending inventory Pounds of plastic needed for each tray Budgeted cost of direct materials purchases for May Cost per pound Total pounds of plastic required for production