Sharon Brian, Coronado & Anthony Fabricators' purchasing manager, has just received the company's production budget for the first quarter. January February March Quarter Budgeted unit sales 21,000 28,000 30,000 79,000 + Budgeted ending inventory 8,400 9,000 11,100 11.100 Total units required 29,400 37,000 41,100 90,100 - Beginning inventory 3,300 8.400 9,000 3,300 Budgeted production 26,100 28,600 32,100 86,800 Budgeted sales for April is 37,000 units and for May is 26,000 units. Each brick requires 6 pounds of clay, and Sharon 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. Company policy requires an ending finished goods inventory each month that will meet 30% of the following month's sales volume. Sharon expects to have 15,000 pounds of clay at a cost of $22.500 in inventory at the beginning of the year. Prepare Coronado & Anthony's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, eg 52.75.)