JK Short Answer: All work should be performed in EXCEL. These questions are similar to the homework. Please show all work, you earn credit by illustrating how you got the answer and for the answer itself. Even If your ultimate answer is incorrect, by showing your work, you can earn partial credit. Please read the question to fully understand what is being asked. Good Luck. 17 Springer, Inc. produces rulers from plastic resin. On March 1, there are 5,000 completed rulers and 5.200 pounds of resin on hand. Flyer has estimated production and sales of rulers in units for the next 4 months as: Estimated production Estimated sales March 26,000 25,000 April 22,000 21,000 May 30,000 33,000 June 32,000 24,000 Each ruler requires 0.25 pounds of resin. The cost of resin is $4.40 per pound. Flyer wants to have 20% of the next month's material requirements on hand at the end of each month. Prepare a direct materials purchases budget for the May