Kennel Industrial has estimated that production for the next ve quarters will be: 151: quarter, 2020 372800 Units 2nd quarter, 2020 34,403 units 3rd quarter, 2020 41,200 units 4th quarter. 2020 32.000 units 151: quarter, 202 1 39,400 units Finished units of production require 6 pounds of raw material per unit The rawr material cost is $7 per pound. There is $238+140 of raw material on hand at the beginning of the rst quarter, 2020. Kennel desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Kennel Industrial for 2020. Kennel Industrial Direct Materials Purchases Bu For the Year Ending December 3 Units to be produced V Cost of raw material per unit V Cost of raw material needed for production V Add V I : Desired ending inventory of raw material Tc-ta] material needed V Less V 2 Beginning inVEHtDr'Y of rawr material Required raw material purchases V 3?800 34400 42 . $ 42 158?600 1444000 . 21520 259500 1004320 . 1704350 . 215?20 . 35 I. 1487640 : Kennel Industrial irect Materials Purchases Budget the Year Ending December 31, 2020 Quarter 2 Quarter 3 Quarter 4 Year 34400 41200 32000 184800 42 42 42 $ 42 1444800 1730400 1344000 7761600 259560 201600 248220 248220 1704360 1932000 1592220 8009820 216720 259560 201600 1487640 1672440 1390620 $