MCO Leather manufactures leather purses. Each purse requires $4$ pounds of direct

materials at a cost of $$12$ per pound and $0\mathrm{.}6$ direct labor hours at a rate of $$16$ per hour.

Variable overhead is budgeted at a rate of $$4$ per direct labor hour. Budgeted fixed

overhead is $$10,500$ per month. The company's policy is to end each month with direct

materials inventory equal to $25\%$ of the next month's direct materials requirement. At the

end of August the company had $15,000$ pounds of direct materials in inventory. The

company's production budget reports the following. $($Click on the Direct Materials Budget,

Direct Labor Budget and Factory Overhead Budget Tabs below.$)$

Required:

$(1)$ Prepare direct materials budgets for September and October.