Gabruch Company, a manufacturer of farm equipment, is attempting to forecast inventory requirements and cash flow for the month of March, 2022. Sales are budgeted at $1,000,000 for the month of March; 10,000 units at $100 each. Inventory plans for the period call for 2,000 finished units plus 20% of the next month's sales requirements in units to be on hand at each month-end. Expected sales of finished units for April, May and June are 8,000 units each month (total 24,000). Actual units of finished goods on hand at February 28, 2022 total 1,600 units. Each unit uses 2 kg of material @ $30.00/kg = $60 To avoid any shortages, maintain ending raw materials inventory at a level to meet expected production requirements for the following two months. The actual inventory of raw materials at February 28 is 6,000 kg. Raw materials are paid for in the same month of purchase. REQUIRED: Compute the material purchases for MARCH 2022 SOLUTION PRODUCTION BUDGET (UNITS) March April May June SALES in UNITS 10,000 8,000 8,000 8,000 + Target Ending Inv --- Needed --- - Beginning Inv --- PRODUCTION --- Convert to kg calculation PURCHASES BUDGET (KG) March April May Production + Target Ending Inv --- --- Needed --- --- - Beginning Inv --- --- PURCHASES --- --- Cash Required for Material Purchases in March = $________________