Galactic Incorporated manufactures flying drone toys. Sales units for January, February, March, April, and May were $340,320,392,$

$352,$ and $420$ 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.

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.

Note: Do not round intermediate calculations.