Exercise $7-7($Algo$)$ Manufacturing: Direct materials budget LO P$1$

Rida Incorporated is preparing its direct materials budget for the second quarter. It budgets production of $279,000$ units in the second

quarter and $65,500$ units in the third quarter. Each unit requires $0\mathrm{.}60$ pound of direct material, priced at $$188$ per pound. Starting with

the second quarter, the company plans to end each quarter with an ending inventory of materials equal to $50\%$ of next quarter's

budgeted direct materials required. Raw material inventory is $83,700$ pounds at the beginning of the second quarter.

Prepare a direct materials budget for the second quarter.

Note: Enter "per unit" answers in two decimal places.