Galactic Inc. manufactures flying drone toys. Sales units for January, February March April and May were 600, 580, 652, 612, and 680 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 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. Jan Feb Mar 1st Quarter Budgeted Production in Units 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.) Jan Feb Mar 1st Quarter Budgeted Cost of Direct Material Purchases