Rida, Inc., a manufacturer in a seasonal industry, is preparing its direct materials budget for the second quarter. It plans production of 229,000 units in the second quarter and 266,500 units in the third quarter. Raw material inventory is 56,500 pounds at the beginning of the second quarter. Other information follows Direct materials Each unit requires 0.60 pounds of a key raw material, priced at $179 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 Answer is complete but not entirely correct RIDA INC. Direct Materials Budget Second Quarter 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 229,000 units 0.60poun 137,400pounds 47,970 x pounds 185,370 pounds 41,200) pounds 144,170 pounds 179.00 er ound $ 25,806,430 urchases