2 1 points 02:14:50 Galactic Incorporated manufactures flying drone toys. Sales units for January, February, March, April, and May were 620, 600, 672, 632, and 700 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next month's sales. Determine production budget for the first quarter. 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materials to be 20 percent of next month's materials requirement. Determine direct materials purchases budget with respect to LED lights for the first quarter. eBook Complete this question by entering your answers in the tabs below. Hint Required 1 Required 2 References Mc Graw Hill The company's policy for ending finished goods is 25 percent of next month's sales. Determine production budget for the first quarter. January February March 1st Quarter Budgeted production (units) < Required 1 Required 2 > < Prev 2 of 10 Next > Check my work