Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products The company now is planning raw materials needs for the third quarter the quarter in which peak sales of Supermx occur. To keep production and sales moving smooth the company has the following Inventory requirements: a. The finished goods inventory on hand at the end of each month must equal 3000 units of Supermix plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 12.400 units b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 72.000 cc of solvent H300. C. The company maintains no work in process inventories. A monthly sales budget for Supermix for the third and fourth quarters of the year follows. Budgeted Unit Sales July 47,000 August 52,000 September 62,000 October 42,000 November 32,000 December 22,000 Required: 1. Prepare a production budget for Supermix for the months July, August, September, and October 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total. Complete this question by entering your answers in the tabs below. Required Required Prepare a production budget for Supermix for the months July, August, September, and October Pearl Products Limited Production Budget July August September October Budgeted unit sales Total needs Required production in units Required 3 >