Sheffield Company is preparing its budgeted income statement for $2025.$ Relevant dataOriole Ltd$.$ estimates sales for the second quarter of $2025$ will be as follows.

The target ending inventory of finished products is as follows.

Two units of materials are required for each unit of finished product. Production for July is estimated at $2,910$ units to start building

inventory for the fall sales period. Oriole's policy is to have an inventory of raw materials at the end of each month equal to $50\%$ of the

following month's production requirements.

Raw materials are expected to cost $$4$ per unit throughout the period.

Calculate the May raw materials purchases in dollars.

pertaining to its sales, production, and direct materials budgets are as follows.

Sales. Sales for the year are expected to total $1,260,000$ units. Quarterly sales

are $20\%,25\%,23\%,$ and $32\%,$ respectively. The unit selling price is expected to be $$40$ for the

first three quarters and $$47$ beginning in the fourth quarter. Sales in the first quarter of $2026$

are expected to be $10\%$ higher than the budgeted sales for the first quarter of $2025.$

Production. Management desires to maintain the ending finished goods inventories at $25\%$ of

the next quarter's budgeted sales volume.

Direct materials. Each unit requires $2$ pounds of raw materials at a cost of $$11$ per pound.

Management desires to maintain raw materials inventories at $10\%$ of the next quarter's

production requirements. Assume the production requirements for first quarter of $2026$

are $567,000$ pounds.

Sheffield budgets $0\mathrm{.}3$ hours of direct labor per unit, labor costs at $$12$ per hour, and

manufacturing overhead at $$18$ per direct labor hour. Its budgeted selling and administrative

expenses for $2025$ are $$7,560,000.$