The table below shows Fishing Reels manufacturings production budget. Each unit of production requires 1.0 lbs. of direct material. The current price of direct materials is $2.50 per pound. Management requires ending inventory of direct material to be 60% of next months requirement. Use the information below to prepare Fishing Reels Manufacturings Direct Material Budget for October. (8 points)

Fishing Reels Manufacturing
Units to Produce
	October	November	December
Units to Produce from Production budget	175,000	200,000	120,500

Fishing Reels Manufacturing Direct Materials Budget October 202X