Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company is planning its 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 following inventory requirements: a. The finished goods inventory on hard at the end of each month must equal 3,000 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. Check my Complete this question by entering your answers in the tabs below. Required Required 3 Prepare a direct materiais budget showing the quartity of solvent H300 to be purchased for July, August, and September, and for the quarter in August 54,000 September 58,000 ce Third Quarter 40,000 cc Pearl Products Limited Direct Materials Budget July Required production in units of finished goods 48,000 Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Add: Desired units of ending raw materials inventory Total units of raw materiais needed Less Units of beginning raw materials inventory Units of raw materials to be purchased