Page Industrial has estimated that production for the next five quarters will be:

Production Information

1st quarter, 2020 52,200 units

2nd quarter, 2020 47,200 units

3rd quarter, 2020 57,200 units

4th quarter, 2020 44,800 units

1st quarter, 2021 53,800 units

Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $328,860 of raw material on hand at the beginning of the first quarter, 2020. Page desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter.

Prepare quarterly direct materials purchases budgets for Page Industrial for 2020.

Page Industrial Direct Materials Purchas For the Year Ending Decem

Quarter 1 Quarter 2