follows Smith Manufacturing produces self-watering planters for use in upscale retail establishments Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as (Click the icon to view additional information) inventory at the start of the year was 900 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires the pounds of polypropylene (a type of plastic), The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.10 per pound Read the reputements Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter Unit sales Smith Manufacturing Production Budget For the Months of January through March Plus Desired ending inventory Less: Beginning inventory Units to produce Get January 3600 February 3400 March Quarter 3200 Requirements 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. 2. Prepare a direct materials budget for the polypropylene for each month is the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased Print Done Data table Number of planters to be sold January.. 3,000 February 3,400 March, 3.200 April 4,800 May 4,000 Print Done Clear all Check