Galactic Inc. manufactures flying drone toys. Sales units for January, February, March, April and May were $300,280,352,312,$ and $380$

respectively.

Required:

The company's policy for ending finished goods is $25$ percent of next month's sales. Determine production budget for the first

quarter.

The drone toy includes $2$ LED lights, which cost $$15$ each. The company requires ending direct materials to be $20$ percent of next

month's materials requirement. Determine direct materials purchases budget with respect to LED lights for the first quarter.

Complete this question by entering your answers in the tabs below.

The company's policy for ending finished goods is $25$ percent of next quarter's sales. Prepare a production budget for the first

quarter.

Required $1$

Required $2$

The drone toy includes $2$ LED lights, which cost $$15$ each. The company requires ending direct materials to be $20$ percent of

next quarter's materials requirement. Prepare a direct materials purchases budget for the first quarter. $($Do not round

intermediate calculations.$)$