Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asla, Three cubic centimeters (cc) of solvent H30Ore required to manufacture each unit of Supermix, one of the company's products. The company now/ planning raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving. smoothly, the company has the foliowing inventory requirements: a. The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 25% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 16.250 inits b. The raw materials inventory on hand at the end of each month must equal one-half of the following month's production necds for raw materlals. The raw materlals inventory on June 30 is budgeted to be 81.375cc of solvent H300 c. The company maintains no work in process inventorles. A monthly sales budget for Supermix for the third and fourth quarters of the year follows. 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 H3OO to he purchased for July August: and Septembet, and for the quarter in total. Required: 1. Prepare a production budget for Supermix for the months July. August, September, and October. 3. Prepare a direct materlals 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. Prepare a production budget for Supermix for the months July, August, September, and October. 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 H30O 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. Prepare a direct materials budget strowing the quantity of solvent inoo to be purchased for July, August, and September, and for the quarter in total