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Budgeting Production and Purchases and Just-In-Time Materials Inventory purchase costs are $10 per pound for B,$7 per pound for G, and $40 per component for K. Do not use negative signs with any of your answers helow. a. Prepare the production budget for Hancock Manufacturing, Inc., for the third quarter of 2016. b. Prepare the direct material budget for Hancock Manufacturing, Inc., for the third quarter of 2016