Vaughn Furniture builds high-end hand-made dining tables. Attacus Simmons, the companys owner, has developed the following sales forecast for 2018.

		1st Quarter		2nd Quarter		3rd Quarter		4th Quarter
Forecasted sales (tables)		2,519		2,764		2,931		1,798

Because of the time needed to create each table, Vaughn maintains an ending Finished Goods Inventory of 20% of the following quarters budgeted sales. Vaughn has been following this inventory policy for several years. The company ended 2017 with 504 tables on hand. The standard cost card for a table is as follows:

		Standard Quantity		Standard Price			Total Standard Cost
American cherry wood		25 board feet		$5/board foot				$125
American cherry turning square (legs)		3 squares		$8/square				24
Direct labor		12 DLH		$14/DLH				168
Variable overhead		12 DLH		$57/DLH				684
Fixed overhead		12 DLH		$9/DLH				108
								$1,109

Vaughn maintains inventory of American cherry wood equal to 10% of the following quarter's production needs. On December 31, 2017, Vaughn's physical inventory count showed 5,588 board feet of American cherry. Due to an anticipated price increase in 2019, managers want to have 10,020 board feet of American cherry wood in inventory on December 31, 2018. Prepare Vaughn's 2018 direct materials purchases budget for American cherry wood. (Round answers to 0 decimal places, e.g. 5,275.) Direct Materials Purchases Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Annual Budgeted production Standard board feet 25 25 25 25 25 Production needs Budgeted ending inventory Total DM required Beginning inventory Budgeted purchases Standard price per board feet # Budgeted purchases cost LINK TO TEXT LINK TO VIDEO