CM Company produces eye glass frames. One of the components of eye glass frames are screws. Budgeted sales for 2023 are as follows:

	Frames
July	7,000
August	8,000
September	6,500
October	5,500

The company has the following inventory requirements:

The finished goods ending inventory must be equal to 500 frames plus 5% of the following month's sales.

Each eye glass frame requires 6 screws.

The raw materials ending inventory must be equal to 10% of the following month's production needs for raw materials.

Required:

Prepare a production budget for the third quarter beginning July, by month and in total, for the eye glass frames.

Prepare a direct material purchases budget showing the quantity of screws to be purchased for July.