Working in the production area of a manufacturing company is right where Anthony feels at home. Several of his family members. had worked in similar environments throughout their careers, and he loves the idea of building something that consumers will enjoy. While others on his team passed on the chance to build the budget, Anthony really enjoys seeing how the pieces fit together like a puzzle. His task this month: put the three key production budgets together, culminating in a COGS budget for his division. He gathers the following information in order to get to work. - Budgeted production in units for October is 1,900; for November, 1,700; and for December, 2,100. - Every unit requires 3 pounds of direct material. The company desires an ending direct materials inventory of 25% of the following month's production needs. October 1 DM Inventory is budgeted to be 80 pounds. - Every unit requires 1.10 DLhours. - MOH is allocated based on DL costs, at a budgeted variable rate of $0.20 per dollar of DL cost. - Budgeted monthly Fixed MOH costs are supervisors' salaries of $2,200, depreciation of $1,800 and property taxes and insurance of $1,000. - There is no budgeted beginning or ending WIP I rventory for October. - October 1 FG Inventory is budgeted to be 300 units at an estimated total cost of $7,100 (per management estimate). - BudgetedFG Inventory on October 31 is 160 units. Prepare a DM purchases budget for pound to 2 decimal places, e.g. 15.25.) Prepare the October DL budget using a labor rate of $13/ hour. (Round hours of DL per unit to 2 decimal places, e.g. 15.25.)