Morreau Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first 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 330 planters and 3,936 kg of polypropylene (a type of plastic). 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 4 kg of polypropylene. The 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 $0.30 per kilogram. 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. (Use parentheses or a minus sign for negative beginning inventory balances. Round all answers up to the nearest number.) Morreau Manufacturing Production Budget For the Months of January through March January February March Quarter Unit sales 3,300 3,100 3,500 9,900 310 350 480 480 Plus: Desired ending inventory Total needed 3,610 3,450 3,980 10,380 Less: Beginning inventory (330) (310) (350) (330) 3,280 3,140 3,630 10,050 Units to produce Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the kilograms of polypropylene required and the total cost of the polypropylene to be purchased. Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the kilograms of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, and then complete the budget. (Use parentheses or a minus sign for negative beginning inventory balances. Round cost per kilogram to the nearest cent.) Morreau Manufacturing Direct Materials Budget For the Months of January through March Units to be produced * Quantity of direct materials needed per unit Quantity needed for production Plus: Desired ending inventory of direct materials Total quantity needed Less: Beginning inventory of direct materials January February March Quarter Number of planters to be sold January ..... 3,300 February .... 3,100 March...... 3,500 April.... 4,800 May.... 4,600