Fill in the Blank Question You will need a piece of paper, pencil and calculator and create a production and purchase budget based on the information provided below. Once you have completed the budget transfer the totals to the blank spaces provided Dunlap Products Limited of Shenzhen China, manufactures and distributes toys throughout Southeast Asia Three cubic centimetres (CC) of solvent Q80 are required to manufacture each unit of Fineclay, one of the company's products. The company is now planning raw materials needs for the third quarter, the quarter in which peak sales of Fineclay 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 be equal to 3,750 units of Fineclay plus 20% of the next month's sales. The finished goods inventary on June 30 is budgeted to be 12,500 units The company maintains no work in process inventories A sales budget for Finuclay for the last six months of the year follow: b Budgeted Sales in Units July 43,750 August 50,000 62,500 September 37,500 October November 25.000 Time left for this assessment 54:26 12.500 December Required: 1. Prepare a production budget for Finaclay Box months of July to October 2. Prepare a budget showing the quantity of solvent to be purchased for . Augs and September and for the Quarter total You will need a piece of paper pencil and calculator and create a production and purchase budget based on the Information provided. Once you have completed the budget transfer the totals to the blank spaces provided Flintholm. O NOT INTERESIGNS OR COMMA 1. The required production budget for July is The required production budget for Augutis 2 The required production budget for September The required production but for October 5. The cure purchase buy 6 The regured purchase budget for gusti 7. The required purchase bude for September B Thereure budget for starter 54:04