Test Bank for Managerial Accounting. Fifth Edition 9-34 BE 162 The budget components for Goebel Company for the quarter ended June 30 appear below. McLeod sells trash cans for $12 each. Budgeted sales and production for the next three months are: Production 26,000 units 46,000 units 29,000 units Sales 20,000 units 50,000 units 30,000 units April May June Goebel desires to have trash cans on hand at the end of each month equal to 20 percent of the following month's budgeted sales in units. On March 31, Goebel had 4,000 completed units on hand. Seven pounds of plastic are required for each trash can. At the end of each month, Goebel desires to have 10 percent of the following month's production material needs on hand. At March 31. Goebel had 18.200 pounds of plastic on hand. The materials used in production cost S0.60 per pound. Each trash can produced requires 0.10 hours of direct labor. Instructions Determine how much the materials purchases budget will be for the month ending April 30. Tune