Current Attempt in Progress Elizabeth William, Sheridan & David Fabricators' purchasing manager, has just received the company's production budget for the first quarter. January February March Quarter Budgeted unit sales 24,000 28,000 30,000 82,000 + Budgeted ending inventory 7,000 7,500 9,000 9,000 Total units required 31,000 35,500 39,000 91,000 - Beginning inventory 3,000 7,000 7,500 3,000 Budgeted production 28,000 28,500 31,500 88,000 Budgeted sales for Aprilis 36,000 units and for May is 26,000 units. Each brick requires 6 pounds of clay, and Elizabeth expects to pay $1.50 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 10% of the following month's production needs. Company policy requires an ending finished goods inventory each month that will meet 25% of the following month's sales volume. Elizabeth expects to have 15,000 pounds of clay at a cost of $22,500 in inventory at the beginning of the year. Prepare Sheridan & David's direct materials purchases budget for the first quarter. (Enter price per pound to 2 decimal places, e.g. 52.75.) January February March $ $ $ $