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Nitro Corporation is preparing a quarterly direct material budget. The units produced for quarters 1, 2, 3, and 4 are 1,500, 2,300, 3,300, and 3,500

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Nitro Corporation is preparing a quarterly direct material budget. The units produced for quarters 1, 2, 3, and 4 are 1,500, 2,300, 3,300, and 3,500 respectively. They need a total of 2 pounds of direct materials per unit produced, which costs $6 per pound. Nitro wants their ending direct material inventory to be 15% of next quarter's production requirements. What is the total cost of direct material purchases for the second quarter

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