earl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements a. The finished goods Inventory on hand at the end of each month must equal 3,000 units of Supermix plus 25% of the next month's sales. The finished goods Inventory on June 30 is budgeted to be 13,250 units. b. The raw materials inventory on hand at the end of each month must equal one half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 63.375 cc of solvent H300 c. The company maintains no work in process inventories A monthly sales budget for Supermix for the third and fourth quarters of the year follows. July ME September October Tovember December Budget it Sales 41,000 46,000 16.000 36,000 25,000 15,00 Required: 1. Prepare a production budget for Supermix for the months July August September, and October 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July August, and September and for the quarter in total Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a production budget for Supermix for the months July, August, September, and October Pearl Products Limited Production Budget July August September October Budgeted unt sales Total needs Roquued production in units Figured Required 3 > Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent 1300 to be purchased for July August, and September, and for the quarter in total Pearl Products Limited Direct Materials Budget July August September Third Quarter | cc CC Units of raw materials nooded por unt of finished goods Units of raw materials needed to meet production Total units of raw matnnals nended Units of materials to be purchased