1. The company's inventory policy is to keep sufficient ending inventory on hand to cover 40% of next month's sales. Selling price per unit is $10. Complete the following production budget for September, October, November and December. 2. Four pounds of materials are required for each unit produced. Ending inventory levels for raw materials are 25% of next month's production needs. Cost of one pound of material is $1.50. Based on this information and your production schedule from above, complete the following material purchase budget for September and October