Smoke, Inc. makes and sells serving trays. Each tray uses 1/2 pound of plastic. Budgeted production of trays in units for the next three months is as follows: May 21.000 April June Budgeted production 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 $2.2 per pound. Prepare a direct materials purchases budget for the month of May. (Round pounds of plastic needed for each bucket to 1 decimal place and cost per pound to two decimal places) April May June Budgeted production 21,000 22,000 24,000 The company wants to maintain monthly ending inventories of plastic equal to 25% of the following month's budgeted prod needs. The cost of plastic is $2.2 per pound. Prepare a direct materials purchases budget for the month of May. (Round pounds of plastic needed for each bucket to 1 decim cost per pound to two decimal places.) Desired direct materials ending inventory Cost per pound Serving trays to be produced in May Pounds of plastic needed for each tray Pounds of plastic to be purchased Total pounds of plastic required for production Beginning direct materials inventory Budgeted cost of direct materials purchases for May