Following is a production budget for a gift basket assembled by Multi-Task Corporation:

Month	Number of Gift Baskets Assembled
April	1,500
May	2,600
June	4,500

Two boxes of Belgian premium chocolates are included in each gift basket. Multi-Task has a policy of maintaining an inventory at the end of each month equal to 20% of the following months production needs. The ending inventory on March 31 consisted of 600 boxes of chocolates. Each box of chocolate costs $2.25.

Required:

1. Prepare a budget showing the quantity of chocolate boxes to be purchased for April and May. (6 marks)
2. At the bottom of the budget you prepared in Part 1 above, show the amount of chocolate purchases in dollars for April and May. (2 marks)