Marigold Furniture builds high-end hand-made dining tables. Attacus Simmons, the company's owner, has developed the following sales forecast for 2022. 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Forecasted sales (tables) 2.500 3,000 2,900 1.900 Because of the time needed to create each table, Marigold maintains an ending Finished Goods Inventory of 20% of the following quarter's budgeted sales. Marigold has been following this inventory policy for several years. The company ended 2021 with 475 tables on hand. The standard cost card for a table is as follows: Standard Quantity Standard Price Total Standard Cost American cherry wood 20 board feet $4/board foot $80 American cherry turning square (legs) 4 squares $8/square 32 Direct labor 8 DLH $15/DLH 120 Variable overhead 8 DLH $45/DLH 360 Fixed overhead 8 DLH $12/DLH 96 $688 2ot atr 2nd @tr 3rd or 4 ty Annual Budgeted unit 2500 3000 2900 1900 10300 Sales Budgeted 600 580 380 500 500 ending inventory Total units 3100 3580 3280 2400 10800 required Beginning in 475 600 580 380 475 -entory Budgeted produc 2625 2980 2700 2020 10325 Marigold maintains inventory of American cherry wood equal to 10% of the following quarter's production needs. On December 31, 2021, Marigold's physical inventory count showed 4,800 board feet of American cherry. Due to an anticipated price increase in 2023, managers want to have 5,000 board feet of American cherry wood in inventory on December 31. 2022. Prepare Marigold's 2022 direct materials purchases budget for American cherry wood. Budgeted ending inventory Standard price per board foot Budgeted production Total DM required Production needs Standard board feet Budgeted purchases cost Beginning inventory Budgeted purchases Direct Materials Purchases Budget 1st Quarter 2nd Quarter 3rd Quarter Direct Materials Purchases Budget 1st Quarter 2nd Quarter 3rd Quarter 5 A 5 s S 89 5 2nd Quarter Direct Materials Purchases Budget 3rd Quarter 4th Quarter Annual $ $