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Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Prepare a production budget for Supermix for the months July, August, September, and October. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and in total. Pearl Products LImited of Shenzhen, ChIna, manufactures and distributes toys throughout South East Asla. Three cubic centImeters (cc) of solvent H300 are required to manufacture each unlt of Supermlx, one of the company's products. The company is planning its raw materlals needs for the third quarter, the quarter in which peak sales of Supermlx occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finlshed goods Inventory on hand at the end of each month must equal 4,000 unlts of Supermlx plus 20% of the next month's sales. The finished goods Inventory on June 30 is budgeted to be 11,800 units. b. The raw materlals Inventory on hand at the end of each month must equal one-half of the following month's production needs for raw materlals. The raw materlals Inventory on June 30 is budgeted to be 60,000 cc of solvent H300. c. The company maintains no work in process Inventorles. A monthly sales budget for SupermIx for the third and fourth quarters of the year follows. Required: 1. Prepare a production budget for Supermlx for the months July, August, September, and October. 3. Prepare a direct materlals budget showing the quantlty of solvent H300 to be purchased for July, August, and September, and for the quarter in total