CALCULATOR PRINTER VERSION BACK NEXT Exercise 5-13 Concord Auto has developed the following production plan for its new auto part, January 11,430 February March 8,880 9,300 April 13,700 Budgeted production (units) Each unit contains 3 pounds of raw material. The desired raw materials ending inventory is 125% of the next month's production needs, plus an additional 598 pounds. January's beginning inventory requirements equal 125% of the current month's production needs, plus an additional 598 pounds Prepare the direct materials purchases budget for the first three months of the coming year. (Round answers to o decimal places, e.g. 5,275.) January February March Quarter Budgeted production 11,430 8,800 9.300 29.530 Standard pounds per unit Production needs 34290 26,400 27,900 88,590 Budgeted ending inventory 33,598 35.523 Total DM required (lbs.) Beginning inventory Budgeted purchases (lbs. Click if you would like to Show Work for this question: Open Show Work