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: (Click the icon to view additional information.) Inventory at the start of the year was 390 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter requires three pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements Data Table - X 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 i Requirements Number of planters to be sold For the Months of January through March January 3,900 January February March Quarter February ..... 3,700 1. Prepare a production budget for each month in the first quarter of the year, Unit sales including production in units for each month and for the quarter. March 3,100 Plus: Desired ending inventory 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 April ......... 4,500 Total needed total cost of the polypropylene to be purchased. May ......... 4.900 Less: Beginning inventory Units to produce Print Done Print Done