Preston, Incorporated, manufactures wooden shelving units for collecting and sorting mail. The company expects to produce 330 units In July and 370 units in August. Each unit requires 11 feet of wood at a cost of $0.90 per foot. Preston wants to always have 310 feet of wood on hand in materials Inventory. Compute Preston's direct materials purchases budget for July and August. Answer is complete but not entirely correct. Budgeted direct materials purchases July August 2.970s 3.555