Moorcroft Company's budgeted sales and direct materials purchases are as follows: April May June Budgeted Sales Budgeted D.M. Purchases $316,000 $49,000 332,000 56,000 367,000 60,000 Moorcroft's sales are 40% cash and 60% credit. Credit sales are collected 20% in the month of sale, 50% in the month following sale, and 26% in the second month following sale; 4% are uncollectible. Moorcroft's purchases are 50% cash and 50% on account. Purchases on account are paid 40% in the month following the purchase and 60% in the second month following the purchase. Prepare a schedule of expected payments for direct materials for June. Moorcroft Company Schedule of Expected Payment for Direct Materials April May Purchases June April $ May June Total Collections