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The budget components for Grouper Company for the quarter ended June 30 appear below. Grouper...

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Accounting

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The budget components for Grouper Company for the quarter ended June 30 appear below. Grouper sells high performance coolers for $120 each. Budgeted sales and production for the next three months are: Grouper desires to have coolers on hand at the end of each month equal to 20 percent of the following month's budgeted sales in units. On March 31, Grouper had 4,560 completed units on hand. Five pounds of plastic are required for each cooler. At the end of each month, Grouper desires to have 10 percent of the following month's production material needs on hand. At March 31 , Grouper had 13,050 pounds of plastic on hand. The materials used in production cost $0.55 per pound. The production of each cooler requires 0.10 hours of direct labor. Determine the budgeted cost of direct materials purchases for the month of April. Budgeted cost of direct materials purchases for April $

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