Required information Exercise 14-11 (Algo) Purchases budget LO 5 [The following information applies to the questions displayed below.] Each gallon of Old Guard, a popular aftershave lotion, requires 2.75 ounces of ocean scent. Budgeted production of Old Guard for the first three quarters of 2019 is as follows: Quarter I Quarter II Quarter III 13,000 gallons 18,000 gallons 12,000 gallons Management's policy is to have on hand at the end of every quarter enough ocean scent inventory to meet 30% of the next quarter's production needs. At the beginning of Quarter I, 10,725 ounces of ocean scent were on hand. Exercise 14-11 (Algo) Part a Required: a. Calculate the number of ounces of ocean scent to be purchased in each of the first two quarters of 2019. Quarter I Quarter II Number of ounces