Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimete (cc) of solvent H30O are required to manufacture each unit of Supermix, one of the company's products. The company is plar y its raw materiais needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sale wing smoothly, the company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must equal 2,000 units of Supermix p' 25% of the n ext. monti's sales. The finished goods inventory on June 30 is budgeted to be 14,250 units. b. The raw materials inventory on hand at the end of each month must equal one-half of the foliowing month's procuction needs for raw materials. The raw materials inventory on June 30 is budgeted to be 75,375cc of solvent H30O. 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. 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