Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 276,000 units in the second quarter and 62,500 units in the third quarter. Raw material inventory is 55,200 pounds at the beginning of the second quarter. Other information follows: Direct materials Each unit requires 0.50 pounds of raw material, priced at $185 per pound. The company plans to end each quarter with an ending inventory of materials equal to 40% of next quarter's budgeted materials requirements. Prepare a direct materials budget for the second quarter. (Enter "per unit" answers in two decimal places.) RIDA INC. Direct Materials Budget Second Quarter 276,000 units 0.50 pounds 138,000 pounds Units to be produced Materials requirement per unit Materials needed for production (pounds) Budgeted ending inventory (pounds) Total materials requirements (pounds) Beginning inventory (pounds) Materials to be purchased (pounds) Material price per pound Budgeted cost of direct materials purchases 55,200 pounds 185.00 per pound