Beckett Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 975 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 30% of the polypropylene required for next month's production on hand at the end of month. The polypropylene costs $0.20 per pound. Read the requirements Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. Beckett Manufacturing Production Budget For the Months of January through March January February Unit sales 3,900 3.200 Plus: Desired ending inventory 800 925 Total needed 4,700 4,125 975 800 Less: Beginning inventory 3,725 3,325 Units to produce March 3,700 1,100 Quarter 10.800 1,100 4.800 925 11.900 975 10,925 3,875 Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased Start by preparing the direct materials budget through the total quantity needed, then complete the budget. Beckett Manufacturing Direct Materials Budget 0 Data Table - X For the Months of January through March January February March Quarter Units to be produced Number of planters to be sold Multiply by: Quantity of direct materials needed per unit January 3,900 Quantity needed for production February 3,200 Plus: Desired ending inventory of direct materials March 3,700 Total quantity needed April 4.400 May 4,900 Print Done