Sandra George, Marigold & Kenneth Fabricators' purchasing manager, has just received the company's production budget for the first quarter. January February March Budgeted Production 25.100 28,600 31,800 Budgeted sales of April is 36,000 and its beginning inventory is 15,000. May month budgeted sales is 26,000. Company policy requires an ending finished goods inventory each month that will meet 30% of the following month's sales volume. Each brick requires 6 pounds of clay, and Sandra expects to pay $1.50 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 10% of the following month's production needs. Sandra expects to have 15,000 pounds of clay at a cost of $22,500 in inventory at the beginning of the year. Prepare Marigold & Kenneth's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, e.g. 52.75.) January February March Budgeted production 25100 28600 31800 Standard pounds per unit 6 6 6 Production needs 150600 171600 190800 Budgeted ending inventory 17160 19080 Prepare Marigold & Kenneth's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, e.g. 52.75.) January February March Budgeted production 25100 28600 31800 Standard pounds per unit 6 6 6 Production needs 150600 171600 190800 Budgeted ending inventory 17160 19080 Total DM required (lbs.) 167760 190680 Beginning inventory 15000 17160 19080 Budgeted purchases (lbs.) 152760 173520 Standard cost per pound $ S 1.50 $ 1.50 $ 1.50 Budgeted purchases cost $ 229130 $ 260280 $ Prepare Marigold & Kenneth's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, e.g. 52.75.) January February March Quarter 25100 28600 31800 85500 6 6 6 6 150600 171600 190800 513000 17160 19080 167760 190680 15000 17160 19080 51240 152760 173520 $ 1.50 $ 1.50 $ 1.50 $ 1.50 $ 229130 $ S 260280 $ $