3 Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements 25 ponts 6. The finished goods inventory on hand at the end of each month must equal 4,000 units of Supermix plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 11,800 units. b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 60,000 cc of solvent H300. c. The company maintains no work in process inventories. Book A monthly sales budget for Supermix for the third and fourth quarters of the year follows. References July haust September October November December Budgeted Unit Sales 39,000 40,000 56,000 34,000 24,000 14.000 Required: Prepare a production budget for Supermix for the months July August September, and October 3. Prepare a direct materials budget showing the quantity of solvent 300 to be purchased for July August, and September, and for the quarter in total Complete this question by entering your answers in the tabs below. Required Required Prepare a production budget for Superm for the month July, August September, and October Part Products Product Bugeted untis Required October November December 34.000 24,000 14,000 Print Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July August, and September, and for the quarter in total References Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total Pearl Products Limited Direct Materials Budget July August September Third Quarter OG oc oc Units of raw materials needed per unit of finished goods Units of raw materiais needed to meet production Total units of raw materials needed Units of raw materials to be purchased