Madison last month (December) sales were 10,000 units @ $40. The company estimates an increase of 1.5% in sales for January. An increase of 200 units for February (compared to January) and a reduction of 100 units for March (compared to February). The selling price is not expected to change. April sales projections are a 5% increase from December sales. INVENTORY POLICY FINISHED GOODS maintain an ending inventory equal to 25% of next month sales December finished goods ending inventory was 6,000 units DIRECT MATERIALS maintain an ending inventory equal to 35% of next month production April production is estimated at 20,000 Materials cost is $10 per pound. Each unit requires .25 pounds of materials and actual inventory is 1,500 pounds Labor Cost is $14 per hour and each unit requires 30 minutes of labor. Fixed overhead is $62,517 monthly and variable overhead is 120% of direct labor cost. CALCULATE MATERIALS TO BE PURCHASED IN MARCH PRESENT YOUR ANSWER ROUNDED TO ZERO DECIMAL PLACES DON'T USE COMMA SEPARATORS