Pearl Products Limited of Shenzhen, China, manutactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H30O are required to manufacture each unit of Supermx, one of the company's products. The company is planning its raw materiats needs for the third quartec, the quarter in which poak soles of Supermix occur. To keep production and ssies moving smoothly, the company has the following inventory requirements: a. The finishod goods inventory on hand at the end of each month must equal 3.000 units of Supormix plus 25% of the next month's sales. The finished goods inwentory on June 30 is budgeted to be 19.250 units. b. The raw materials imventory on hand at the end of each month must equal one-haif of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 99.375cc 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 yuar follows. Required: 1. Prepare a production budget for Supermix for the months July, Augun, 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