1) Bowen Manufacturing procedures self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year shows the estimated unit sales of the planters each month to be as follows: Inventory at the start of the year was 330 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 30% of the polypropylene required for the next month's production on hand at the end of each month. The polypropylene costs $0.30 per pound. Requirements: Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. (50pts.)