Crest Products expects the following sales of its single product: August September October November December Units 29,000 28,000 26,000 24,000 21,500 Crest 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 8,800 units. Each finished unit requires 2 units of component X and 11 units of component Z. August 1 materials inventory includes 9,000 units of component X and 188,000 units of component Z. Crest 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. a. Prepare a production budget for Crest for as many months as is possible. August September October November December Sales Ending Inv Beginning Inv Production b. Prepare a direct materials purchases budget for both Component X and Component Z for the months of August through October. August September October November Component X Production Raw Materials/Units Comp X Needs Ending Inv Beginning Inv Purchases of X August September October November Component z Production Raw Materials/Units Comp Z needs Ending Inv Beginning Inv Purchases of Z