Presto Products Inc. Presto Products Inc has a production budget for their fertilizer products for next year as follows: Production Budget Products Q1 10,000 Q2 12,000 Q3 16,000 Q4 14,000 Units Four (4.0) kilograms of raw material are required for each unit produced. The raw materials inventory at the end of each quarter should equal 10% of the next quarter's production needs. Required: 1. Compute the required purchases of raw materials (Kgs) in the third quarter (Q3). 2. If the raw materials budgeted price per Kg is $2.50, what is the Q3 raw materials purchases in dollars? Attach File