Production for Hi-Tech heaters for January, February, and March is 75,000 units, 70,000 units, and 85,000 units. Each unit of Hi-Tech requires 20 meters of material at $15 per meter. There should be sufficient material on hand at the end of each month for 20% of the material needs for the next month. There was 400,000 meters of material on hand January 1. 12 marks.

required:

Prepare a raw materials purchases budget (unit and cost) including totals for January, February and the two month period.