Franklin Products Limited manufactures and distributes a number of products to retailers. One of these products, SuperStick, requires four kilograms of material D236 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter-July, August, and September Peak sales of SuperStick occur in the third quarter of each year. To keep production and shipments 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 8,250 units plus 20% of the next month s sales. The finished goods inventory on June 30 is budgeted to be 22.300 units b. The raw materials inventory on hand at the end of each month must be equal to 40% of the following month's production needs fon raw materials. The raw materials inventory on June 30 for material D236 is budgeted to be 130.000 kilograms. c. The company maintains no work in process inventories. A sales budget for SuperStick for the last six months of the year follows: Budgeted Sales in Units July 60,500 August 75,250 September 105,500 October 53,250 November 30,250 December 15.100 Required: 1. Prepare a production budget for SuperStick for July, August, September, and October. July 60 500 August 75,250 September 105,500 October 53,250 Budgeted sales (units) Add: Desired ending inventory Total needs Less: Beginning inventory Required production 60,500 75,250 105,500 53,250 60 500 75,250 105,500 53.250 2. Not available in Connect. 3. Prepare a direct materials purchases budget showing the quantity of material D236 to be purchased for July, August, and September and for the quarter in total. July August September Third Quarter Required production (units) Material D236 needed per unit (kgs.) Production needs (kgs.) Add: Desired ending inventory (kgs.) Total Material D236 needs Less, beginning inventory (kgs.) Material D236 purchases (kgs 0 0 0 0 0 0