Croy Inc. has the following projected sales for the next five months: Croy's finished goods inventory policy is to have 60 percent of the next month's sales on hand at the end of each month. Direct materials cost $3.10 per pound, and each unit requires 2 pounds. Direct materials inventory policy is to have 50 percent of the next month's production needs on hand at the end of each month. Direct materials on hand at March 31 totaled 3,865 pounds. Required: 1. Prepare a production budget for April, May, and June. 2. Prepare a direct materials purchases budget for April and May