Exercise 5-15 Marcy Jones, Bates & Hill Fabricators' purchasing manager, has just received the company's production budget for the first quarter.

January	February	March	Quarter
Budgeted Production	11,257	22,727	20,225	54,209

Aaron Bates, the company's vice president of marketing and has prepared the following sales forecast for the first six months of the coming year.

January	February	March	April	May	June
11,800	23,010	20,650	17,110	13,570	12,800

Company policy requires an ending finished goods inventory each month that will meet 12% of the following month's sales volume. Each brick requires 3 pounds of clay, and Marcy expects to pay $0.24 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 6% of the following month's production needs. Marcy expects to have 11,151 pounds of clay at a cost of $4,460 in inventory at the beginning of the year. Prepare Bates & Hill's direct materials purchases budget for the first quarter.(Round answers to 0 decimal places, e.g. 5,275 and enter price per ounce to 2 decimal places, e.g. 0.35.)