Pearl Products Limited or Shenzhen China manufactures and distributes toys throughout South East Asia Three cute con fec) of solvent H300 are required to manufacture ach unit of Supermik one of the company's products. The comparison raw materials need for the third quartet the quarter in which no sales of supermocu Top 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 3.000 units of Supermix plus 25% of the next month's sales. The finished good inventory on June 30 is budgeted to be 16.250 unite 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 81.375 cc of solvent 1300 The company maintains no work in process inventories A monthly sales budget for Supermix for the third and fourth quarters of the year follows. Botted Unit Sale July 53,000 Awrust 58,000 September 68,000 October 48.000 November 18,000 December 28,00 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