Current Attempt in Progress Nancy Daniel, Waterway \& Paul Fabricators' purchasing manager, has just received the company's production budget for the first quarter, Budgsted sales for April is 34,000 units and for May is 26.000 units. Each brick requires 6 pounds of clay, and Nancy expects to pay $1.50 per pound of d ay in the comingyear. Compary 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 20% of the following month's sales volume. Nancy expects to have 15,000 pounds of day at a cost of $22,500 in inventory at the beginning of the year. Current Attempt in Progress Nancy Daniel, Waterway \& Paul Fabricators' purchasing manager, has just received the company's production budget for the first quarter, Budgsted sales for April is 34,000 units and for May is 26.000 units. Each brick requires 6 pounds of clay, and Nancy expects to pay $1.50 per pound of d ay in the comingyear. Compary 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 20% of the following month's sales volume. Nancy expects to have 15,000 pounds of day at a cost of $22,500 in inventory at the beginning of the year