Question 4 View Policies Current Attempt in Progress Marcy Jones, Swifty & Hill Fabricators' purchasing manager, has just received the company's production budget for the first quarter. January February March Quarter Budgeted Production 14,101 27,292 24,254 65,647 Budgeted sales of April is 20,590 and its beginning inventory is 2,883. May month budgeted sales is 16,330. Company policy requires an ending finished goods inventory each month that will meet 14% of the following month's sales volume. Each brick requires 4.00 pounds of clay, and Marcy expects to pay $0.28 per pound of clay in the coming year. Company policy requires an ending direct materials inventory each month that will meet 7% of the following month's production needs. Marcy expects to have 13,419 pounds of clay at a cost of $5,368 in inventory at the beginning of the year. Prepare Swifty & Hill's direct materials purchases budget for the first quarter. (Round answers to 0 decimal places, e.g. 5,275 and enter price per pound to 2 decimal places, eg. 52.75.) January February March Quarter A LA A