Question 5 of 14 0.51/1 Dorothy Thomas Vaughn & Chris Fabricators purchasing manager, has just received the company's production budget for the first quarter January 23,300 February 28,600 March 32.400 Budgeted Production Budpeted sales of April is 38.000 and its beginning inventory is Unresolved. May month budgeted sales is 26.000. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume Each brick requires 6 pounds of clay, and Dorothy expects to pay $150 per pound of day in the coming year Company policy requires an ending direct materials inventory each month that will meet 10% of the following month's production needs. Dorothy expects to have 15.000 pounds of clay at a cost of $22.500 in inventory at the beginning of the year. Prepare Vaughn & Chris's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, os. 52,75) January February March Budgeted production 23300 20600 32401 Standard pounds per unit V 6 6 Total OM required) 1.39800 171600 194406 Budgeted purchases the 17160 19440 10923 Total DM roured V 15000 17160 Degening inventory 14960 173880 1911 Budgeted purchases . Standard cost per pound 150 Toureured $ irch O BI a VO