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Just want to make sure my work is correct!? thank you!!!!!!!!!! Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia.

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Just want to make sure my work is correct!? thank you!!!!!!!!!!

Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company now is planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 17,200 units. b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 108,000 cc of solvent H300. c. The company maintains no work in process inventories. A monthly sales budget for Supermix for the third and fourth quarters of the year follows. July August September October November December Budgeted Unit Sales 71,000 76,000 86,000 66,000 56,000 46,000 Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a production budget for Supermix for the months July, August, September, and October. August 76,000 September 86,000 October 66,000 Pearl Products Limited Production Budget July Budgeted unit sales 71,000 Add: Desired units of ending finished goods inventory 18,200 Total needs 89,200 Less: Units of beginning finished goods inventory 17,200 Required production in units 72,000 20,200 16,200 14,200 102,200 96,200 18,200 78,000 20,200 82,000 80,200 16,200 64,000 Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Pearl Products Limited Direct Materials Budget July (Required production in units of finished goods 72,000 Units of raw materials needed per unit of finished goods 31 ccp Units of raw materials needed to meet production 216,000 Add: Desired units of ending raw materials inventory 117,000 Total units of raw materials needed 333,000 Less: Units of beginning raw materials inventory 108,000 Units of raw materials to be purchased 225,000 August 78,000 3 cc 234,000 123,000 357,000 117,000 240,000 September 82,000 31 ccf 246,000 96,000 342,000 123,000 219,000 Third Quarter 232,000 3 1 cc 696,000 96,000 792,000 108,000 684,000

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