Verde Company produces chairs from plastic resin. Verde has estimated production and sales of chairs in units for the next 2 months as:

May

June

	Estimated production	56,000	64,000
	Estimated sales	66,000	48,000

Each chair requires 0.25 pounds of resin. The cost of resin is $4.50 per pound. Verde wants to have 20% of the next month's materials requirements on hand at the end of each month. Instructions Prepare a direct materials purchases budget for the month of May.