Dolores Varieties produces high-quality bridal gowns. The sales budgets for the first five months of the your ara rivan. The inventory of finished products at the end of each month is to be equal to 30% of the sales estimate for the next month. This requirement was met on Jan. 1. No work in process is in process at the end of each month Among other materials, each unit of product requires two types of materials which are as follmese The estimated cost of Jusi cloth is P5,000 per meter while one meter of golden lace costs P1,000. Materials equal to one-third of next month's production needs are to be on hand at the end of each month. This requirement was met on Jan. 1. Instructions: For the first quarter, prepare the following: a) Production budget for January, February and March, respectively. b) Purchases budget for each type of material for Jan. and Feb c) Which raw material would require more cash budget? Why