Mcknight 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: EEB (Click the icon to view additional inforrmation.) Inventory at the start o the year was 975 planters. The desired inventory o planters at the e o each month should be qual to 25% o the following month's budgeted sales. Each plar r reques our pour of po ypro ene a type o plast T 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. For the Months of January through March January February March Quarter 10,800 Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Unils to praduce Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, indluding the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Slart by preparing the direct materias budget hrough the total quantily needed, then complele the budget. 3,900 800 4.700 975 3.725 3,200 925 1,125 800 3,325 3,700 1,100 4,800 925 3.875 11,900 975 10,925 Data Table McKnight Manufacturing Direct Materials Budget For the Months of January through Marclh Number of planters to be sold January February March 3,900 3.200 3,700 4,400 4,900 3,725 3,325 3,875 10,925 Units to be produced Multiply by: Quantity of direct materials needed per unit Quantity rneeded for production Plus: Total quantity needed February March Apri May 14,900 13,300 15,500 13110 28610 43,700 3,990 4,650 52 Desired ending inventory of direct materials37030 8,890 17,950 Print Done Enter any number in the edit fields and then click Check Answer 1 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. 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. 2. Print Done