Baylor desires an ending finished goods inventory to be equal to 30% of the next month's sales needs. August 1 inventory is projected to be 7,800 units. Each finished unit requires 2 units of Component X and 11 units of Component Z. August 1 materials inventory includes 5,000 units of Component X and 184,000 units of Component Z. Baylor desires to maintain a component X inventory equal to 10% of next month's production needs and a Component Z inventory equal to 70% of next month's production needs. Step 1, Instructions Prepare a production budget for Baylor for August, September and October. Step 2, Instructions Prepare a raw materials purchases budget for Component X for August, September and October