Inventory at the start of the year was 800 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires two pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.10 per pound. Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. purdhased. Stat by preparing the dirwet materials budget threugh the tetal quantily meeded, Fan complehe the budgat. \begin{tabular}{lc} \hline \multicolumn{2}{c}{ Number of planters to be sold } \\ \hline January . & 3,200 \\ February & 3,000 \\ March........ & 3,500 \\ April........ & 4,300 \\ May.. & 4,600 \\ \hline \end{tabular}