Sheridan Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Vanessa Aaron, the companys sales manager, prepared the following sales forecast for 2018. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices.

		Sales Price			1st Quarter			2nd Quarter			3rd Quarter			4th Quarter
Acoustic guitar sales		$1,220			200			270			290			350
Electric guitar sales		$2,370			400			340			320			370

Each acoustic guitar requires a maple neck blank, which Sheridan purchases for $40. On December 31, 2017, Sheridan had 410 neck blanks in inventory. Spoilage during the production process results in a standard quantity of 1.5 necks per acoustic guitar. Because of recent delivery problems, Sheridan wants to maintain an ending inventory equal to 50% of the following quarters production needs. Since the supplier has assured Sheridan that the delivery issues will be resolved by the end of December, Sheridan wants only 330 neck blanks in inventory on December 31, 2018. Prepare the purchases budget for neck blanks for 2018. (Enter "per guitar" value to 1 decimal place, e.g. 3.1. Round all other answers to 0 decimal places, e.g. 153.)

Purchases Budget 2nd Quarter 3rd Quarter 1st Quarter Budgeted production Standard necks per guitar Budgeted purchases cost $ Budgeted ending inventory - Total DM required (necks) - Beginning inventory Budgeted purchases (necks) | Budgeted ending inventory | Budgeted purchases cost | $ $ $ Purchases Budget 2nd Quarter 3rd Quarter 1st Quarter Budgeted production Standard necks per guitar Budgeted purchases cost $ Budgeted ending inventory - Total DM required (necks) - Beginning inventory Budgeted purchases (necks) | Budgeted ending inventory | Budgeted purchases cost | $ $ $