The budget components for Park Company for the quarter ended u p pear below. Park sells trash cans for $12 each Budgeted sales and production for the next three months April May June Sales 20,000 units 50,000 units 30,000 units Production 26,000 units 46,000 units 29,000 units Park 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, Park had 4,000 completed units on hand. Five pounds of plastic are required for each trash can. At the end of each month Park desires to have 10 percent of the following months production material needs on hand At March 31, Parkhad 13000 pounds of plastico hand. The materials used in production cost $0.60 per pound. Each trash can produced requires 0.10 hours of direct labor Determine how much the materials purchases budget will be for the month ending April 30 Cost of materials purchases