Sports world Company produces water skis. Each ski requires two pounds of carbon fiber. The companys management predicts that there will be 6,000 units of the product and 12,000 pounds of the carbon fiber on June 30 of the current year, and that 100,000 units of the product will be sold during the next quarter. Because the peak selling season will be over, management wants to end the third quarter with only 4,000 finished skis and 5,000 pounds of carbon fiber in the materials inventory. Carbon fiber can be purchased for approximately $6.00 per pound.

Required Prepare a third-quarter production budget and a third-quarter carbon fiber purchases budget for the company (include the dollar cost of the purchases).