Use following information of a small pottery business: ArtCraft pottery to develop a direct material purchase budget. we The budgeted units of pottery are to be produced in each of the following four quarters: Q1: 1,060 Q3: 1,600 In addition to above information, plain pottery is $3 per unit and the material used to Q4: 1,800 colour the pottery "colour" is $0.20 per ounce. On a per unit basis, the factory needs one Q2:1,260 pound of clay and five ounces of colour to produce the final piece. Aircraft pottery's policy is to have 10% of the following quarter's production needs in ending inventory. This policy changes your ending inventory. This policy changes your material needs because this 10% ending inventory must be taken into account in the budget. The factory has 58 pounds of clay and 390 ounces of colour in hand on January 1. At the end of the year, the desired ending inventory is 106 pounds and 530 ounces of colour. (Hint: first, compute units of each component to manufacture the pottery a company needs)