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HandleyIndustrial has estimated that production for the next five quarters will be: Production Information 1st quarter, 202054,900units 2nd quarter, 202049,600units 3rd quarter, 202060,200units 4th quarter,

HandleyIndustrial has estimated that production for the next five quarters will be:

Production Information

1st quarter, 202054,900units

2nd quarter, 202049,600units

3rd quarter, 202060,200units

4th quarter, 202047,200units

1st quarter, 202156,500units

Finished units of production require6pounds of raw material per unit. The raw material cost is $7per pound. There is $345,870of raw material on hand at the beginning of the first quarter, 2020.Handleydesires to have15percent of next quarter's material requirements on hand at the end of each quarter.

Prepare quarterly direct materials purchases budgets forHandleyIndustrial for 2020.

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