The company wants to maintain monthly ending inventories of plastic equal to 25% of the following month's budgeted product on needs. The cost of plastic is $2.20 per pound.
Preface 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.g. (45). Round pounds of plastic needed for each bucket to decimal place and cost per pound to two decimal places.)