PART FOUR (20 Points) Show your work and label all numbers Soster makes and sells buckles. Each buckle uses 1/3 ounce of silver. Budgeted t. far the next three months is as follows: The company wants to maintain monthly ending inventories of silver equar w. 20% of the following month's budgeted production needs. Silver costs $16 per ounce. Soster pays 30% of purchases in the month purchased, and 70% in the next month. Required a) Prepare a direct materials purchases budget (in ounces) for March and April. b) Independent of your answer in Part a), assume Soster purchased 4,000 ounces of silver in March, and 4,500 ounces of silver in April. Prepare a schedule determining the budgeted payments to silver suppliers in April