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 for Handley Industrial for 2020.

HandleyIndustrial

Direct Materials Purchases Budget

For the Year Ending December 31, 2020

Quarter 1

Quarter 2

Quarter 3

Quarter 4

Year

select an opening direct materials purchases budget item

Units to be produced

Cost of raw material per unit

Desired ending inventory of raw material

Total material needed

Beginning inventory of raw material

Required raw material purchases

Cost of raw material needed for production

enteratotaldollaramountforthefirstpart

selectbetweenadditionanddeduction

Add

Less

:

enteratotaldollaramountforthesecondpart

selectbetweenadditionanddeduction

Add

Less

:

select a closing direct materials purchases budget item

enter a total amount for the direct materials purchases budget