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: (Click the icon to view additional information.) Inventory at the start of the year was 750 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 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 $0.20 per pound. Read the requirements. Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in unite for each month and for the quarter Unit sales McKnight Manufacturing Production Budget For the Months of January through March Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce Requirements January February Data table March Quarter Number of planters to be sold January. 3,000 February 3,200 March........ 3,100 April...... 4,200 May 4,000 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. Get more help Print Done Print Done Snipping Tool New Mode Delay Cancel Select the snip mode using the Mode button or click the New button. Snipping Tool is moving... In a future update, Snipping Tool will be moving to a new home. Try improved features and snip like usual with Snip & Sketch (or try the shortcut Windows logo key + Shift + S). Try Snip & Sketch Options answer