Smoke, Inc. makes and sells buckets. Each bucket uses 1/2 pound of plastic. Budgeted production of buckets in units for the next three months is as follows Budgeted production April 21,000 May June 22,000 24,000 The company wants to maintain monthly ending inventories of plastic equal to 25% of the following month's budgeted production needs. The cost of plastic is $2.20 per pound Prepare a direct materials purchases budget for the month of May. (Enter negative amounts using either a negative sign preceding the number eg-45 or parentheses eg. (45). Round pounds of plastic needed for each bucket to 1 decimal polce and cost per pound to two decimal palces] $