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2. Prepare a direct materials purchases budget for bottles for the months of January and February. Round all calculations to the nearest whole number. Prepare

image text in transcribedimage text in transcribedimage text in transcribed 2. Prepare a direct materials purchases budget for bottles for the months of January and February. Round all calculations to the nearest whole number. Prepare a direct materials purchases budget for salicylic acid and water mixture for the months of January and February. Round all calculations to the nearest wh number. Prepare a direct materials purchases budget for salicylic acid and water mixture for the months of January and February. Round all calculations to the nearest wh number. Pet Plus, Inc. Direct Materials Purchases Budget for Fluid mixture Production Budget and Direct Materials Purchases Budgets Pets Plus, Inc. produces otic fluid for dogs. The otic fluid is sold in 12 -ounce plastic bottles. The sales budget for the first 4 months of the year is as follows: Company policy requires that ending inventories for each month be 15% of next month's sales. At the beginning of January, the inventory of otic fluid is 900 bottles. Each bottle of otic fluid needs two raw materials: eight ounces of a mix of salicylic acid and water and one plastic bottle. Company policy requires that ending invento of raw materials for each month be 10% of the next month's production needs. That policy was met on January 1 . Required: Download Excel spreadsheet

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