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 Quarter 7.300 2nd Quarter 8,300 3rd Quarterdth Quarter 5,300 6,300 15:47 In addition, the beginning raw materials inventory for the first quarter is budgeted to be 1,550 kilograms and the beginning accounts payable for the first quarter are budgeted to be $3,090. Each unit requires 23 kilograms of raw material that costs $170 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 1725 kilograms Management plans to pay for 80% of raw material purchases in the quarter acquired and 20% in the following quarter Each unit requires 0.6 direct labour hours, and direct labour hour workers are paid $15.5 per hour Required: 1-o. Prepare the company's direct materials budget. (Round your answer to the nearest whole dollar amount.) HARESTON COMPANY Direct Materials Budget 1st Quarter 2nd Quarter 16790 19,090 3rd Quarter 14.490 Production needs (kilograms) Add Desired ending inventory Total needs Qulograms) 4th Quarter 12 190 Year 52 560