Preston Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: BE(Click the icon to view additional information.) Inventory at the start of the year was 975 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 30% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.20 per pound. Read the requirements Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Data Table Start by preparing the direct materials budget through the total quantity needed, then complete the budget. Preston Manufacturing Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced 3,725 3,325 3,875 10,925 Multiply by: Quantity of direct materials needed per unit Quantity needed for production 14,900 13,300 15,500 43,700 3.990 Plus: Desired ending inventory of direct materials Total quantity needed 19,440 17,240 20,080 56,760 January February March April Number of planters to be solo 3,900 3,200 3,700 4,400 4,900 May Enter any number in the edit fields and then click Check