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Ivanhoe Manufacturing Company produces and sells garden tools. The company has developed the following production plan for its new electric trimmer. January February March April Budgeted production (in units) 4,000 4,000 5,000 7,000 Each unit requires three feet of metal tubing. The company wishes to have ending inventory of metal tubing equal to 110% of its next month's production needs, plus an additional 100 feet. January's beginning inventory meets this requirement. Ivanhoe's standard cost per foot is $2.70. Prepare the 1st quarter direct materials purchases budget for metal tubing. (Round Standard material per unit to O decimal place, e.g. 5,275 and Standard price per foot answers to 2 decimal places, e.g. 52.75.) > A Budgeted production Standard price per foot Budgeted ending inventory Budgeted materials purchases Total materials required Beginning inventory Standard material per unit Production needs >