Tall Oak, Inc. produces rulers from plastic resin. Tall Oak has estimated production and sales of rulers in units for the next 2 months as June May 46,464 40,656 Estimated production 34,848 48,400 Estimated sales Each ruler requires 0.5 pounds of resin. The cost of the resin is $4 per pound. Tall Oak wants to have 20% of the next month's materials requirements on hand at the end of each month Instructions Prepare a direct materials purchases budget for the month of May by filling the table below with the correct numbers IMPORTANT!!! ROUND YOUR ANSWER TO THE NEAREST WHOLE NUMBER Prepare a direct materials purchases budget for the month of May by filling the table below with the correct numbers IMPORTANT!!! ROUND YOUR ANSWER TO THE NEAREST WHOLE NUMBER ("DO NOT INCLUDE DECIMAL POINTS EXCEPT ANSWERS FOR "POUNDS NEEDED PER UNIT" AND THE "COST PER POUND) TALL OAK, INC Direct Materials Purchases Budget Month of May Estimated production in units for May Pounds needed per unit Total pounds needed for production ADD: Desired ending inventory LESS Beginning inventory Pounds needed for production in May Cost per pound Total cost of purchases of materials