Milligan Manufacturing Company produces and sells garden tools. The company has developed the following production plan for its new electric trimmer January 4,000 February 4,000 March 5,000 April 6,000 Budgeted production (in units) Each unit requires three feet of metal tubing. The company wishes to have ending inventory of metal tubing equal to 110% of its next month's production needs, plus an additional 100 feet. January's beginning inventory meets this requirement. Milligan's standard cost per foot is $2.8. Prepare the 1st quarter direct materials purchases budget for metal tubing. (Round Standard material per unit to decimal place, eg. 5,275 and Standard price per foot answers to 2 decimal places, e.g. 52.75.) MilliganManufacturing Company Direct Materials Purchases Budget - Metal Tubing 1st Quarter Beginning inventory Budgeted materials purchases Standard material per unit Production needs Budgeted production Standard price per foot Total materials required Budgeted ending inventory Standard material per unit January February Mar Prepare the 1st quarter direct materials purchases budget for metal tubing.(Round Standard material per unit to O decimal place, e.g. 5,275 and Standard price per foot answers to 2 decimal places, e.g. 52.75.) Milligan Manufacturing Company Direct Materials Purchases Budget - Metal Tubing 1st Quarter January February March Budgeted production Standard material per unit Standard price per foot 1 $ $ $ $ Prepare the 1st quarter direct materials purchases budget for metal tubing. (Round Standard material per unit to decimal place, eg. 5,275 and Standard price per foot answers to 2 decimal places, eg. 52.75.) Milligan Manufacturing Company Direct Materials Purchases Budget - Metal Tubing 1st Quarter January February March 1st Quarter $ $ $ $ $ $ $