Part 3: Production (5 marks) NFT wants an ending inventory equal to 15% of the following month's budgeted sales in units. On June 30th, 21,000 units were on hand. The September 30th desired ending inventory is 20,000. units Production Budget July August September Quarter Budgeted Sales Desired Ending Inventory Total Needs Less Beginning Inventory Required ProductionPart 4: Materials Purchased (5 marks) NFT uses 10 pounds of material per unit. NFT has decided it wants 15% material of the following month's production. On June 30th it had 30,000 pounds of material on had. The material costs $2.00 per pound. NFT September 30th desired ending material is 8,000 pounds Direct Materials Budget July August September Quarter Production Units Materials per unit (pounds) Production Needs Add: Desired Ending Inventory Total Needed Less: Beginning Inventory Materials to be Purchased