es-Blackboard Learn chapter 8 HW Set 2 IMMHE apter 8 HW Set 2 2 Pearl Products Limited of Shenzhen, China, manufactures and distributes (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. Th raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving toys throughout South East Asia. Three cubic centimeters 20 smoothly, the company has the following inventory requirements: The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 20% of the next month's sales. The finished goods Inventory on June 30 is budgeted to be 10,000 units a 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 54,000 ce of solwent H300 c. The company maintains no work in process inventories A morthly sales budget for Supermix for the third and tourth quarters of the year follows uly August 35,eee 40,800 38,000 28,000 December 1,eee L 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. lap & httpsl/ reg Chapter 8 HW Set 2 0 2 November 28,080 December 10,eee 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 Required 3> ly