5. Mate Boomerang Corporation manufactures and sells plastic boomerangs. Expected boomerang sales (in units) for the upcoming months are as follows:

Budgeted unit sales July=12,000 Aug.=15,000 Sept.=10,000 Oct.=8,000 Nov.=7,000 Dec=11,000

Mate likes to maintain a finished goods inventory equal to 10% of the next months estimated sales. Seven ounces of plastic resin are needed to produce every boomerang. Mate likes to have enough plastic resin on hand at the end of the month to cover 25% of the next months production requirements.

Required: Prepare a production budget in proper format for October and November. Prepare a DM budget for the month of October in proper format (you will end with the material to be purchased, not the dollar amount.)