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: EE (Click the icon to view additional information.) at the start of the year was 640 planters. The desired inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter pylene required or next month's production on hand at the end of each month. The pe of plastic). The company wants to have 10% of the polyp requires four pounds polyp ene a polypropylene costs $o.25 per pound Read the requirements Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter Preston Manufacturing Production Budget For the Months of January through March January February March Quarter Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce 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. Start by preparing the direct materials budget through the total quantity needed, then complete the budget Preston Manufacturing Data Table Direct Materials Budget For the Months of January through March January February March Quarter Number of planters to be sold Units to be produced Multiply by: Quantity of direct materials needed per unit January 3,200 February 3,600 Quantity needed for production Desired ending inventory of March 3,100 April 4,500 Plus: direct materials May 4,700 Total quantity needed Beginning inventory of direct Print Done Less: materials Quantity to purchase Multiply by Cost per pound Total cost of direct material purchases