Problem $3(20$ points$)$

The Butler Company accountant created the following Production Budget for $2024.$ Using the Production Budget and the following direct materials

information create a Direct Materials Budget and answer the fill in the blank questions. Do not use commas or $ signs in your answer!!

Each unit produced requires $6$ gallons of direct materials. Each gallon costs $$2\mathrm{.}50.$ Management desires an ending inventory of direct materials on hand

at the end of each month. The ending inventory is calculated as $20\%$ of the following months direct materials requilsd for production. January $2024$

Beginning Inventory $=480$ gallons.

Production Budget $2024$