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help Pronghorn, Inc. makes and selts serving trays. Each tray uses 1/2 pound of plastic. Budgeted production of trays in units for the next three

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Pronghorn, Inc. makes and selts 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 imventories of plastic equal to 25% 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 plastic needed for each bucket to 1 decimal ploce and cost per pound to two decimal places.) or each bucket to 1 decimo

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