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CoursHeroTranscribedText: Transitioning from employee to manager has been exciting for Gary! He enjoys having the responsibility and authority to make decisions, and it is rewarding to join the management team, sharing insights to make better decisions. One of his first responsibilities is to address the DM purchases budget. The company has a strong relationship with its current supplier, but the quality of the supplier's DM has declined. Knowing this, Gary has already reached out to a different vendor to see what kind of a deal it might offer. The DM information for Gary's division and for each vendor just described is as follows. DM on hand as of July 1 slightly exceeds expectations at 1,660 linear board feet. Each unit requires 4 linear board feet; Gary is most comfortable if the company has 20% of the following month's production needs on hand. The cost per linear foot is $7.50 with the current supplier; it's $8.00 with the new vendor. Planned production for July is 2,000 units; for August is 2,100 units; for September is 1,900 units; and for October is 1,600 units. The A/P balance related to June DM purchases is $34,125 on July 1.(a) Prepare the DM purchases budget for the third quarter, assuming Gary stays with the current supplier. Specify amounts for each month and for the quarter overall. (Round DM cost per linear foot to 2 decimal places, e.g. 15.25.) July August v V $ $ Beginning DM Inventory (Linear Feet) Budgeted DM Quantity to be Purchased (Linear Feet) Budgeted Units to be Produced Target Ending DM Inventory (Linear Feet) DM Cost per Linear Foot Linear Feet of DM per Unit Total Budgeted Cost of DM Purchases Attempts: 0 of 4 used Submit Answer Total DM Inventory Needs (Linear Feet) Total Production Needs (Linear Feet)

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