Pearl Products Limited of Shenzhen, Chins, manufactures and distributes toys throughout South East Asia. Three cubic centimeters c) of solvent H300 are required to manufacture each unit of Superm , one of the company products. The company now is planning w material needs for the third quarter the quarter in which peak sales of Supermt occur. To keep production and sales moving smoothly, the company has the following Inventory requirements The finished goods inventory on hand at the end of each month must equal 4,000 units of Supermix plus 20% of the next month's sales. The finished goods inventory on June 30 budgeted to be 14.200 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 30s budgeted to be 78.000 cc of solvent H300. The company maintains no work in process Inventories. A monthly sales budget for Superm for the third and fourth quarters of the year follows. Required: 1. Prepare a production budget for Supermix for the month July, August September, and October 3. Prepare a direct materials budget showing the quantity of solvent 300 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. Birds Required: Prepare a production budget for Supermix for the months July August September, and October Pearl Produots Limited Production Budget July August September October Required production in its Required 3 > Required 1 Required 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. Pearl Products Limited Direct Materials Budget July August September Third Quarter Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Total units of raw materials needed Units of raw materials to be purchased