Randy Arozena is the owner of a small business based in Tampa Bay, Florida that sells baseball bats, Each bat requires 2 pounds of wrond The following is a production schedule of bats for each month: The company wants to maintain monthly ending inventories of wood equal to 25% of the following month's production needs. On July 31 . this requirement was not met since only 2,500 pounds of wood were on hand. The cost of wood is $1.10 per pound. The company wants to prepare a Direct Materials Purchase Budget for the rest of the year. The total quantity of wood to be purchased in October is: 30,050 pounds 32,505 pounds 31.500 pounds 29.550 pounds