Patricia John, Swifty & Robert Fabricators' purchasing manager, has just received the company's production budget for the first quarter. January February March Quarter Budgeted unit sales 21,000 28,000 30,000 79,000 + Budgeted ending inventory 7,000 7,500 8,500 8,500 Total units required 28,000 35,500 38,500 87,500 - Beginning inventory 3,000 7,000 7,500 3,000 Budgeted production 25,000 28,500 31,000 84,500 Budgeted sales for April is 34,000 units and for May is 26,000 units. Each brick requires 6 pounds of clay, and Patricia expects to pay $ 1.50 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 10% of the following month's production needs. Company policy requires an ending finished goods inventory each month that will meet 25% of the following month's sales volume. Patricia expects to have 15,000 pounds of clay at a cost of $ 22,500 in inventory at the beginning of the year. Prepare Swifty & Robert's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, e.g. 52.75.)Budgeted production Standard pounds per unit v Production needs Budgeted ending inventory v Total DM required (lbs.) v Beginning inventory Budgeted purchases (lbs.) v Standard cost per pound v Budgeted purchases cost v January 53 $ |:| |:| |:| |:| |:| I: :I |:| |:| February March Quarter