Fortin Limited produces and sells a single product. a wearable LED light for runners and cyclists. The analytics group at Fortin Limited has developed the following estimates for unit sales in the upcoming year. First Second Third Fourth Quarter Quarter Quarter Quarter Budgeted unit sales 24,000 21,500 20,600 21,100 Each light requires two separate LED bulbs. each of which costs $2. To ensure enough LED bulbs are on hand to support short-term production ifa problem arises with the sole supplier, Fortin Limited maintains an ending inventory of10% of the following quarter's production needs. A total of 4,400 LED bulbs will be on hand to start the rst quarter of the upcoming scal year. Management expects sales in the fourth quarter of the upcoming year to be the same as the first quarter of the following year. Required: Prepare a direct materials purchases budget for LED bulbs, by quarter and in total, for the upcoming scal year. At the bottom of your budget. show the dollar amount of purchases for each quarter and for the year in total. Hint: Fortin Limited maintains an ending inventory of both raw materials and nished goods of 10% of the following quarter's production needs. Before preparing a direct materials budget, the production budget must be prepared. Required production of lights Number of bulbs per light Total production needsbulbs Required purchasesbulbs Total cost of purchases