McKnight Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 10% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements. Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. i Data Table Number of planters to McKnight Manufacturing Direct Materials Budget For the Months of January through March January February March Units to be produced 3,280 3,500 3,380 Multiply by: Quantity of direct materials needed per unit 4 4 Quantity needed for production 13,120 14,000 13,520 Plus: Desired ending inventory of direct materials 700676 Total quantity needed 159201670417120 January ...... Quarter 10,160 4 40,640 3,200 3,600 ___ February .... March....... 3,100 4,500 9104 April M ay ......... 49744 4,700 Enter any number in the edit fields and then click Check Answer. Print Done 1 part 1 remaining Clear All Final Check