[ LO 10-4] 10-25 Production and Materials Purchases Budgets White Corporation's budget calls for the following sales for next year: Quarter 1 90,000 units Quarter 3 68,000 units Quarter 2 76,000 units Quarter 4 96,000 units Each unit of the product requires 3 pounds of direct materials. The company's policy is to begin each quarter with an inventory of product equal to 5 percent of that quarter's estimated sales requirements and an inventory of direct materials equal to 20 percent of that quarter's estimated direct materials requirements for production. Required Determine the production and materials purchases budgets for the second quarter. Pao8 040