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Direct Materials Purchases Budget Langer Company produces plastic Hems, including plastic housings for humidifiers. Each housing requires about 19 ounces of plastic costing $0.16 per once, Langer molds the plasti into the proper shape. Langer has budgeted production of the housings for the next 4 months as follows July 3,500 4,4400 August September 4.900 6,300 October Inventory policy requires that sufficient plastic be in ending monthly inventory to satisfy 30% of the following month's production needs. The inventory of plastic at the beginning of July equals exactly the amount needed to satisfy the inventory policy Required: Prepare a direct materials purchases budget for July, August, and September, showing purchases in units and in dollars for each month and in total. If required, round the total purchase cost to nearest whole value Langer Company Direct Materials Purchases Budget Tor July August and September July August September Total Units to be produced Direct materials per unit (ounces) Production needs 9993 Check My Work more Check My Workomen Previous September 4,900 October 6,300 Inventory policy requires that sufficient plastic be in ending monthly inventory to satisfy 30% of the following month's production needs. The inventory of plastic at the beginning of July equals exactly the amount needed to satisfy the inventory policy Required: Prepare a direct materiale purchases budget for July, Aupust, and September, showing purchases in units and in dollars for each month and in totut. It required, round the total September Total purchase cost to nearest whole value Langer Company Direct Materials Purchases Budget For July, August and September July August Units to be produced Direct materials per unit (ounces) Production needs Desired ending inventory Counces) Total needs Less Beginning inventory Direct matenals to be purchased (ounces) Cost per ounce Total purchase cost 50.16 $0.16 $0.16 50.16