Nascar Company manufactures an innovative automobile transmission for electric cars. Management predicts that ending inventory for the first quarter will be 37,500 units. The following unit sales of the transmissions are expected during the rest of the year: second quarter, 225,000 units; third quarter, 262,500 units; and fourth quarter, 237,500 units. Company policy calls for the ending inventory of a quarter to equal 20% of the next quarter's budgeted sales. Nascar Company reports direct materials requirements of 0.60 pounds per unit. It also aims to end each quarter with an ending inventory of direct materials equal to 50% of next quarter's budgeted materials requirements. Direct materials cost $175 per unit.

Required:List a direct materials budget for the second quarter.(Amounts to be deducted should be indicated with a minus sign. Round your pounds per unit to 2 decimal places.Omit the "$" & "lbs" signs in your response.)

NASCAR COMPANY

Direct Materials Budget

Second QuarterUnits to be producedMaterials requirement per unitlbsMaterials needed for production(Click to select)

Add: Budgeted ending inventory

Budgeted purchases

Less: Budgeted ending inventory

Less: Budgeted beginning inventory

Add: Budgeted beginning inventory

Total materials requirements(Click to select)

Purchase discounts

Deduct: Ending inventory

Add: Beginning inventory

Deduct: Beginning inventory

Add: Ending inventory

Materials to be purchasedMaterial price per unit$Total cost of direct materials purchases$