Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2017. Sales: quarter 1, 28,000 bags; quarter 2, 43,000 bags. Seling price is $61 per bag. ,Direct materials: each bag of Snare requires 5 pounds of Gumm at a cost of $3.8 per pound and 6 pounds of Tarr at $1.75 per pound. 3. Desired inventory levels: Type of InventryJanuary April July 1 Snare (bags) Gumm (pounds) Tarr (pounds) 12,400 9,200 10,400 13,500 14,400 20,300 25,300 8,100 18,400