1. Bottled Nature Ltd made the following sales projections (in units) for the next six-month period: Month January February March April May June Unit Sales 125,000 175,000 165,000 140,000 195,000 205,000 There were 20,000 units of finished goods in inventory at the beginning of January. Plans are to have an inventory of finished products that equal 30% of the unit sales for the next month. Eight pounds of materials are required for each unit produced. Each pound of material costs $6. Inventory levels for materials are equal to 25% of the needs for the next month. Materials inventory on January 1 was 35,000 pounds. Required: a. Prepare production budgets in units from January to April. (9 points) b. Prepare a purchases budget in pounds from January to April and give total purchases in both pounds and dollars for each month. (11 points)