3. XYZ Inc. produces skim boards and budgeted amounts for the first 3 months of 2020 appear below. January February March Sales 1,000 units | 1,100 units 1,200 units Production 1,900 units 2,100 units 2,400 units The company desires to have enough resin on hand at the end of each month, which equal 20% of the material needs for the following month. Each skim board requires 5 pounds of resin. The cost of resin is $10 per pound. (a). Prepare a direct materials budget for February in the table provided below. Show ALL calculations. Label line items clearly. Note: You don't need to prepare the expected cash disbursement. (20 points) Direct Materials Budget for February (b). Show the calculation of the amount of Raw Materials Inventory ($) on the February 28 balance sheet. (10 points)