Galactic Inc. manufactures flying drone toys. Sales units for January, February March, April and May were 700, 680, 752, 712, and 780 respectively Required: 1. The company's policy for ending finished goods is 25 percent of next month's sales. Prepare a production budget for the first quarter 2. The drone toy includes 2 LED lights, which cost $15 each. The company requires ending direct materjals to be 20 percent of next month's materials requirement. Prepare a direct materials purchases budget with respect to LED lights for the first quarter, Complete this question by entering your answers in the tabs below. Required 1 Required 2 The company's policy for ending finished goods is 25 percent of next quarter's sales, Prepare a production budget for the first quarter 1st Quarter Budgeted Production in Units Jan Fab Mar Rom Required 2 > cy, February March April and May were 700, 680.752.712, and 780 respectively. Required: 1. The company's policy for ending finished goods is 25 percent of next month's sales. Prepare a production budget for the first quarter 2. 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. Prepare a direct materials purchases budget with respect to LED lights for the first quarter. Complete this question by entering your answers in the tabs below. Required 1 Required? 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.) Feb Tut Quarter Budpoled Cost of Direct Material Purchases