The production department of Hareston Company has submitted the following forecast of units to be produced by quarter for the upcoming fiscal year Units to be produced Ist Quarter 2nd Quarter3rd Quarter4th Quarter 9,000 10,000 8,000 7,890 In addition, the beginning raw materials inventory for the first quarter is budgeted to be 2,400 kilograms and the beginning accounts payable for the first quarter are budgeted to be $3,940 Each unit requires 40 kilograms of raw material that costs $3.40 per kilogram Management desires to end each quarter with an inventory of raw materials equal to 10% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3.000 kilograms Management plans to pay for 80% of raw material purchases in the quarter acquired and 20% in the following quarter. Each unit requires 06 direct labour-hours, and direct labour hour workers are paid $24.0 per hour Required: Required: 1-a. Prepare the company's direct materials budget. (Round your answer to the nearest whole dollar amount.) HARESTON COMPANY Direct Materials Budget Ist Quarter 2nd Quarter 36,000 400,000 3rd Quarter 32,000 4th Quarter 28,000 Year 55,000 Production needs (kilograms) Add: Desired ending inventory Total needs (kilograms) Deduct: Beginning inventory Raw materials to be purchased (kilograms) Cost of raw materials to be purchased 2,400