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 800 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 two pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.10 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. Data Table x 1,075 April Beckett Manufacturing Production Budget Number of planters to be sold For the Months of January through March January 3.200 January February March Quarter February 3.000 Unit sales 3,200 3,000 3,500 9,700 March 3,500 Plus: Desired ending inventory 750 875 1,075 4.300 Total needed 3,950 3,875 4,575 10,775 May 4.600 800 Less: Beginning inventory 750 875 800 3,150 3,125 3,700 9.975 Units to produce Print Done 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 Requirements Direct Materials Budget - X For the Months of January through March January February March Quarter 1. Prepare a production budget for each month in the first quarter of the year, Units to be produced 3.150 3,125 3,700 9,975 including production in units for each month and for the quarter. 2. Prepare a direct materials budget for the polypropylene for each month in the Multiply by: Quantity of direct materials needed per unit first quarter of the year, including the pounds of polypropylene required and the Quantity needed for production 12600 12500 14800 39900 total cost of the polypropylene to be purchased. Plus: Desired ending inventory of direct materials 2960 7980 3780 Done 151001 Total quantity needed 15460 Print 22780 43680 2500 Done