Help walk me through the production budget and direct materials budget. I understand how to start the sells budget but I get lost at these.

P21-1A Prepare budgeted income statement and supporting budgets. Cook Farm Supply Company manufactures and sells a pesticide called Snare. The following data are available for preparing budgets for Snare for the first 2 quarters of 2017. 1. Sales: quarter 1,40,000 bags; quarter 2, 56,000 bags. Selling price is $60 per bag. 2. Direct materials: each bag of Snare requires 4 pounds of Gumm at a cost of $3.80 per pound and 6 pounds of Tarr at $1.50 per pound. 3. Desired inventory levels: Type of Inventory Snare (bags) Gumm (pounds) Tarr (pounds) January 1 8,000 9,000 14,000 April 1 15,000 10,000 20,000 July 1 18,000 13,000 25,000 4. Direct labor: direct labor time is 15 minutes per bag at an hourly rate of $16 per hour. 5. Selling and administrative expenses are expected to be 15% of sales plus $175,000 per quarter. 6. Interest Expense is $100,000. 7. Income taxes are expected to be 30% of income before income taxes. Your assistant has prepared two budgets: (1) The manufacturing overhead budget shows expected costs to be 125% of direct labor cost, and (2) The direct materials budget for Tarr shows the cost of Tarr purchases to be $297,000 in quarter 1 and $439,500 in quarter 2. Instructions Prepare the budgeted multi-step income statement for the first 6 months and all required operating budgets by quarters. (Note: Use variable and fixed in the selling and administrative expense budget.) Do not prepare the manufacturing overhead budget or the direct materials budget for Tarr. NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?". Six Months COOK FARM SUPPLY COMPANY Production Budget For the Six Months Ending June 30, 2017 Quarter 1 2 Expected unit sales 40,000 56,000 Add: Desired ending finished goods units Value Value Total required units ? ? Less: Beginning finished goods units Value Value Required production units ? ? ? Six Months COOK FARM SUPPLY COMPANY Direct Materials Budget - Gumm For the Six Months Ending June 30, 2017 Quarter 1 2 Units to be produced Value Value Direct materials per unit (lbs.) X 4lbs X 4lbs Total pounds needed for production ? ? Add: Desired ending direct materials (lbs.) Value Value Total materials required ? ? Less: Beginning direct materials (lbs.) Value Value Direct materials purchases ? ? Cost per pound X $3.80 X $3.80 Total cost of direct materials purchases