Runner Industrial has estimated that production for the next five quarters will be:

Production Information
1st quarter, 2020		40,500 units
2nd quarter, 2020		36,800 units
3rd quarter, 2020		44,200 units
4th quarter, 2020		34,400 units
1st quarter, 2021		42,100 units

Finished units of production require 6 pounds of raw material per unit. The raw material cost is $7 per pound. There is $255,150 of raw material on hand at the beginning of the first quarter, 2020. Runner desires to have 15 percent of next quarter's material requirements on hand at the end of each quarter. Prepare quarterly direct materials purchases budgets for Runner Industrial for 2020.

Runner Industrial Direct Materials Purchases Budget For the Year Ending December 31, 2020
		Quarter 1		Quarter 2		Quarter 3		Quarter 4		Year
select an opening direct materials purchases budget item Required raw material purchasesTotal material neededDesired ending inventory of raw materialUnits to be producedCost of raw material needed for productionCost of raw material per unitBeginning inventory of raw material		enter a number of units		enter a number of units		enter a number of units		enter a number of units		enter a number of units
select an item Total material neededRequired raw material purchasesCost of raw material needed for productionDesired ending inventory of raw materialCost of raw material per unitBeginning inventory of raw materialUnits to be produced		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount		$enter a dollar amount
select a summarizing line for the first part Total material neededDesired ending inventory of raw materialRequired raw material purchasesCost of raw material per unitBeginning inventory of raw materialCost of raw material needed for productionUnits to be produced		enter a total dollar amount for the first part		enter a total dollar amount for the first part		enter a total dollar amount for the first part		enter a total dollar amount for the first part		enter a total dollar amount for the first part
select between addition and deduction AddLess: select an item Desired ending inventory of raw materialTotal material neededUnits to be producedBeginning inventory of raw materialCost of raw material per unitCost of raw material needed for productionRequired raw material purchases		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a summarizing line for the second part Units to be producedCost of raw material per unitRequired raw material purchasesDesired ending inventory of raw materialBeginning inventory of raw materialCost of raw material needed for productionTotal material needed		enter a total dollar amount for the second part		enter a total dollar amount for the second part		enter a total dollar amount for the second part		enter a total dollar amount for the second part		enter a total dollar amount for the second part
select between addition and deduction LessAdd: select an item Beginning inventory of raw materialCost of raw material needed for productionDesired ending inventory of raw materialTotal material neededRequired raw material purchasesCost of raw material per unitUnits to be produced		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount		enter a dollar amount
select a closing direct materials purchases budget item Beginning inventory of raw materialUnits to be producedTotal material neededCost of raw material per unitDesired ending inventory of raw materialRequired raw material purchasesCost of raw material needed for production		$enter a total amount for the direct materials purchases budget		$enter a total amount for the direct materials purchases budget		$enter a total amount for the direct materials purchases budget		$enter a total amount for the direct materials purchases budget		$enter a total amount for the direct materials purchases budget