your new Remaining 60 min Later CALCULATOR BACK Question 1 Tall Oak, Inc. produces rulers from plastic resin. Tall Oak has estimated production and sales of rulers in units for the next 2 months as: May June Estimated production 42,000 48,000 Estimated sales 50,000 36,000 Each ruler requires 0.25 pounds of resin. The cost of resin is $4.50 per pound. Tall Oak wants to have 20% of the next month's materials requirements on hand at the end of each month. Prepare a direct materials purchases budget for the month of May. (Enter negative amounts using either a negative sign preceding the number e.g.-45 or parentheses e.o. (45). Round pounds needed per unit to 1 decimal palce and cost per pound to two decimal palces.) TALL OAK, INC. Direct Materials Purchases Budget Month of May . Click if you would like to Show Work for this question: Open Show Work