Question 1 of 1 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Sheridan Auto has developed the following production plan for its new auto part. January Budgeted production (units) 10,000 February March 7,000 April 13,000 14,000 8.86/10 E !!! Each unit contains 4 pounds of raw material. The desired raw materials ending inventory is 30% of the next month's production needs, plus an additional 300 pounds. December's ending inventory meets this requirement. Prepare the direct materials purchases budget for the first three months of the coming year. Budgeted production Standard pounds per unit Production needs January 10000 4 40000 February 7000 4 28000 March 13000 52000 Budgeted ending inventory 8700 15900 17100 Total DM required (lbs.) 48700 Beginning inventory Budgeted purchases (lbs.) 43900 8700 35200 69100 15900 53200