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Which of the following statements concerning a direct materials purchase budget is most correct? The direct materials purchases budget is based on materials needed for

Which of the following statements concerning a direct materials purchase budget is most correct?
The direct materials purchases budget is based on materials needed for production, beginning finished goods inventory, and desired ending finished goods inventory.
The direct materials purchases budget is based on materials needed for production, beginning direct materials inventory, and desired ending direct materials inventory.
The direct materials purchases budget is based on budgeted production, beginning finished goods inventory, and desired ending finished goods inventory.
The direct materials purchases budget is based on budgeted production, beginning direct materials inventory, and desired ending direct materials inventory.

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