HSS Industrial has estimated that production for the next five quarters will be: Production Information 1st quarter, 201746,000 units 2nd quarter, 2017 41,000 units 3rd quarter, 2017 49,000 units 4th quarter, 2017 40,000 units 1st quarter, 2018 48,000 units Finished units of production require 10 pounds of raw material per unit. The raw material cost is $4 per pound. There is $184,000 of raw material on hand at the beginning of the first quarter, 2017. H55 desires to have 10 percent of next quarter's material requirements on hand at the end of each quarter Prepare quarterly direct materials purchases budgets for H55 Industrial for 2017