Johnson Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: Click the icon to view additional information.) Inventory at the start of the year was 975 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 four pounds of polypropylene (a type of plastic). The company wants to have 30% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.20 per pound. Read the requirements 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. Johnson Manufacturing Production Budget For the Months of January through March January February March Quarter Unit sales) 3,900 3,200 3,700 10,000 1170 060 1110 3240 Plus: Desired ending inventory Total needed 5070 4160 4810 14040 975 1170 960 960 Less: Beginning inventory 4095 2990 3850 13080 Units to produce Data table p January...... Number of planters to be sold ven tory 3,900 February. 3,200 ... March........ April......... May... 3,700 4,400 4,900 Print Done - ucti Requirements 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. 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. - X Print Done