Tall Oak, Inc produces rulers from plastic resin. Tall Oak has estimated production and sales of rulers in units for the next 2 months May June Estimated production 42.000 48,000 Estimated sales 50.000 36,000 Esch ruler requires 0.25 pounds of resin. The cost of resin is $4.50 per pound. Tall Oak wants to have 20% of the next month's materials requirements on hand at the end of each month. Prepare a direct materials purchases budget for the month of May. (Enter negative amounts using either a negative sign preceding the numbers -45 or parentheses eg. (45). Round pounds needed per unit and cost per pound to 2 decimal places, eg. 15.25) Direct Materials Purchases Budget Month of May e Textbook and Media arer Direct Materials Purchases Budget Month of May $ Estimated production in units for May Ending inventory desired Beginning inventory Pounds needed per unit Cost per pound Pounds needed for production in May Total cost of purchases of materials Total pounds needed for production e Textbook and Media