Winthorpe Inc. makes and sells longjohns. Each longjohn uses 2 1/2 metres of fabric. Budgeted production of longjohns in units for the next five months is as follows: September June August May 32,000 July 26,000 Budgeted production 28,000 24,000 22.000 The company wants to maintain monthly ending inventories of fabric equal to 15% of the following month's budgeted production needs. The cost of fabric is $3.50 per metre. Prepare a direct material purchases budget for the month of July