Kantharia Chemical Inc is a manufacturing company that makes Nimmycillin, an antibiotic, which they then sell to either independent pharmacies or to big box stores like Shoppers Drug Mart. The monthly percentage of total sales that goes to independent pharmacies will be in your group message. A new computer system for their accounting department will be purchased March $1,2024.$ Price, estimated useful life and residual value are in your group message. They already have manufacturing equipment which is also being depreciated straight line at a rate that is in your group message. Kantharia Chemical Inc runs their fiscal year from October$-$ September, so this manufacturing depreciation has already been added into your trial balance for the months from October$-$ December.There will be a dividend paid to the shareholders of Kantharia Chemical Inc in January $2024,$ the amount is in your group message. I will send each of your groups a unique trial balance at December $31,2023,$ with information to be used in the completion of the necessary budgets$/$budgeted financial statements. I will also send you a budgeted number of bottles sold in January and a sales price to be used for all$$three$$months$.$ Kantharia Chemical IncSales BudgetFor the three months ended March $30,2024$JanuaryFebruaryMarchTotalBottles of Nimmycillin Sale PriceTotal$$Sales Kantharia Chemical IncProduction BudgetFor the three months ended March $30,2024$Kantharia Chemical Inc wants to maintain $35\%$ of the following month's sales in units in finished goods inventory. As at December $31,2023$ Kantharia has:$875$bottles$($finished goods inventory$)$ on hand. JanuaryFebruaryMarchTotal$-*$y$-$Total budgeted sales of NimmycillinAdd: target ending inventoryTotal finished good requirementsLess: beginning inventory $875875$Bottles of Nimmycillin to be produced Kantharia Chemical IncDirect Materials BudgetFor the three months ended March $30,2024$In order to manufacture Nimmycillin, Kantharia Chemical Increquires two chemicals, Deepex and Jhanvine.A bottle of mixed Nimmycillin contains $4$ ounces of Deepex, $3$ ounces of Jhanvine, and one bottle.Just in case the raw materials supplier runs out of materials, Kantharia Chemical Inc try to keep the following month's direct materials for the amount of Nimmycillin they plan to SELL in raw materials inventory. December $31,2023$ inventory in units was:Deepex $9,000$ouncesJhanvine $6,500$ouncesBottles $3,000$DeepexBottles of Nimmycillin to be produced Multiplied by: Units of needed direct material per bottle $4444$Number of units of needed direct material Add: target ending direct material inventoryTotal direct material requirementsLess: beginning direct material inventory $9,0009,000$Number of units of direct material to be purchasedJhanvineBottles of Nimmycillin to be produced Multiplied by: Units of needed direct material per bottle $3333$Number of units of needed direct material Add: target ending direct material inventoryTotal direct material requirementsLess: beginning direct material inventory $6,5006,500$Number of units of direct material to be purchasedBottlesBottles of Nimmycillin to be produced Multiplied by: Units of needed direct material per bottle $1111$Number of units of needed direct material Add: target ending direct material inventoryTotal direct material requirementsLess: beginning direct material inventory $3,0003,000$Number of units of direct material to be purchased