points Skipped eBook Print Pearl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (cc) of solvent H300 are required to manufacture each unit of Supermix, one of the company's products. The company is planning its raw materials needs for the third quarter, the quarter in which peak sales of Supermix occur. To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must equal 3,000 units of Supermix plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 10,000 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 30 is budgeted to be 54,000 cc of solvent H300. 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. Budgeted Unit Sales July 35,000 References August 40,000 September 50,000 October 30,000 November 20,000 December 10,000 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. Complete this question by entering your answers in the tabs below. Required 1 Required 3 Prepare a production budget for Supermix for the months July, August, September, and October 2 A monthly sales budget for Supermix for the third and fourth quarters of the year follows. Budgeted Unit Sales July 35,000 ints August 40,000 September 50,000 Skipped October 30,000 November 20,000 December 10,000 Required: eBook Print 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. Complete this question by entering your answers in the tabs below. References Required 1 Required 3 Prepare a production budget for Supermix for the months July, August, September, and October Budgeted unit sales Total needs Required production in units Pearl Products Limited Production Budget July August September October Required 3> 2 Unit Sales July 35,000 August 40,000 September 50,000 October 30,000 November 20,000 December 10,000 oints Required: Skipped eBook 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. Complete this question by entering your answers in the tabs below. Print Required 11 Required 3 References 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 Units of raw materials needed per unit of finished goods Units of raw materials needed to meet production Total units of raw materials needed Pearl Products Limited Direct Materials Budget July August Units of raw materials to be purchased