Sarasota, Inc. produces pellets for cornhole bags from plastic resin which it sells by the pound. Sarasota has estimated production and sales of pellets in pounds for the next 2 months as: May June Estimated production 42,900 47,300 Estimated sales 51,800 34,600 Each pound of pellets requires 0,25 pounds of resin. The cost of resin is $5.00 per pound. Sarasota wants to have 20% of the next month's direct materials requirements on hand at the end of each month, Prepare a direct materials purchases budget for the month of May. (Enter negative amounts using elther a negative sign preceding the number eg. -45 or porentheses eg. (45). Round pounds needed per unit ond cost per pound to two decimal palces) SARASOTA, INC. Direct Materials Purchases Budget Month of May