On March 31, Eagle Enterprises had an ending raw materials inventory of 3,800lbs. Production, in units, have been budgeted as follows for the next four months:

April 6,000

May 7,500

June 9,000

July 8,100

Eagles management has a policy that the raw materials inventory at the end of each month must contain 40% of the materials required for the following months budgeted production. Each unit requires 1.2lbs of raw material that costs $1.56 per lb.

Required:

Prepare Eagles direct materials budget including the dollar amount of purhcases for April, May and June and a total for the quarter.