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 350 planters. The desired inventory of planters at the end of each month should be equal to 10% 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 $0.25 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 3,500 4000 3,600 11100 400 360 400 400 Plus: Desired ending inventory Total needed 3900 4360 4,000 11500 350 400 360 350 Less Beginning inventory 3550 3960 3,640 11150 Units to produce Number of planters to be sold January 3,500 February 3,400 March...... 3,600 April.... 4,000 May 4,200 Print Done 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. ing inventory Print Done