Required information Skip to question [The following information applies to the questions displayed below.] Each gallon of Old Guard, a popular aftershave lotion, requires 2.5 ounces of ocean scent. Budgeted production of Old Guard for the first three quarters of 2019 is as follows: Quarter I 13,000 gallons Quarter II 18,000 gallons Quarter III 11,000 gallons Managements policy is to have on hand at the end of every quarter enough ocean scent inventory to meet 27% of the next quarters production needs. At the beginning of Quarter I, 8,775 ounces of ocean scent were on hand. Required: a. Calculate the number of ounces of ocean scent to be purchased in each of the first two quarters of 2019