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Direct Materials Purchases Budget Lorenzo's Frozen Pilzza Inc. has determined from its production budget the following estimated production volumes for 12" and 16" frozen pizzas for September: Units 12" Pizza 16" Pizza Budgeted production volume 14,700 21,900 Three direct materials are used in producing the two types of pizza. The quantities of direct materials expected to be used for each pizza are as follows: 12" Pizza 16" Pizza Direct materials: Dough 0.80 lb, per unit 1.50 lb. per unit Tomato 0.50 0.70 Cheese 1.30 0.70 In addition, Lorenzo's has determined the following Information about each material: Dough Tomato Cheese Estimated Inventory, September 1 620 lb. 230 lb. 380 lb. Desired inventory, September 30 650 lb. 220 lb 410 lb Price per pound $1.30 $2.30 $3.40 Prepare September's direct materials purchases budget for Lorenzo's Frozen Pizza Inc. When required, enter unit prices to the nearest cent. Lorenzo's Frozen Pizza Inc. Direct Materials Purchases Budget For the Month Ending September 30 Dough Tomato Units required for production: 12" pizza 16" pizza Cheese Total Total pounds required Total pounds to be purchased Unit price (per pound) X $ X Total direct materials to be purchased $