Soprano Company is in the process of preparing the second quarter budget for 2022, and the following data have been assembled:

• The company sells a single product at a selling price of $44 per unit. The estimated sales volume for the next six months is as follows:

March	6,300 units	June	8,500 units
April	7,100 units	July	9,300 units
May	10,300 units	August	6,500 units

• All sales are on account. The company's collection experience has been that 40% of a month's sales are collected in the month of sale, 52% are collected in the month following the sale, and 8% are uncollectible. It is expected that the net realizable value of accounts receivable (i.e., accounts receivable less allowance for uncollectible accounts) will be $144,144 on March 31, 2022.
• Management's policy is to maintain ending finished goods inventory each month at a level equal to 51% of the next month's budgeted sales. The finished goods inventory on March 31, 2022, is expected to be 3,621 units.
• To make one unit of finished product, 3 pounds of materials are required. Management's policy is to have enough materials on hand at the end of each month to equal 42% of the next month's estimated usage. The raw materials inventory is expected to be 11,002 pounds on March 31, 2022.
• The cost per pound of raw material is $4.00, and 80% of all purchases are paid for in the month of purchase; the remainder is paid in the following month. The accounts payable balance for raw material purchases is expected to be $18,139 on March 31, 2022.

Required:

1. Prepare a materials purchases budget in pounds, by month and in total, for the second quarter of 2022.
2. Prepare a schedule of cash payments for materials, by month and in total, for the second quarter of 2022.

step 1 table

april may june total beginning inventory of raw materials 11,002

purchases of raw material

raw materials avaialble to use

desired ending inventory of raw matierials

quanity of raw materials to be used in production

tables

2. cash payments for April. May June Total

march purchases

april purchases

may purchases

june purchases

total purchases

im so confused thank you so much love you chegg