Purple Co.'s production budget for Product X for the year ending December 31 is as follows: Product X Expected units to be sold 640,000 Desired ending inventory, December 31 85,000 Total units available 725,000 Estimated beginning inventory, January 1 (90,000) 635,000 Total units to be produced In Purple's production operations, Materials A, B, and C are required to make Product X. The quantities of direct materials expected to be used for each unit of product are as follows: Product X Material A 0.50 lb. per unit Material B 1.00 lb. per unit Material C 1.20 lbs. per unit The prices of direct materials are as follows: Material A $0.60 per pound Material B $1.70 per pound Material C $1.00 per pound Prepare a direct materials purchases budget for Product X, assuming that there are no beginning or ending inventories for direct materials (all units purchased are used in production) Roun price to two decimal places and the remaining answers to the nearest whole dollar. Purple Co. Direct Materials Purchases Budget For the Year Ending December 31 Direct Direct Direct Materials C Direct Materials Total Total units available 85,000 725,000 Estimated beginning inventory, January 1 (90,000) Total units to be produced 635,000 In Purple's production operations, Materials A, B, and C are required to make Product X. The quantities of direct materials expected to be used for each unit of product Product X Material A 0.50 lb. per unit Material B 1.00 lb. per unit Material C 1.20 lbs. per unit The prices of direct materials are as follows: Material A $0.60 per pound Material B $1.70 per pound Material C $1.00 per pound Prepare a direct materials purchases budget for Product X, assuming that there are no beginning or ending inventories for direct materials (all units purchased are used in production). Roun price to two decimal places and the remaining answers to the nearest whole dollar. Purple Co. Direct Materials Purchases Budget For the Year Ending December 31 Direct Materials A Direct Materials B Direct Materials C Direct Materials Total Units required for production of Product X lbs. lbs. lbs. $ Unit price Total direct materials purchases