Problems: 1. Benliver, Inc. manufactures and distributes a number or products to retailers. One of these products, Super Jetdry, requires two pounds of material R2D8 in the manufacture of each unit. The company is now planning raw materials needs for the third quarter - July, August, and September. Peak sales of Super Jetdry occur in the third quarter of each year. To keep production and shipments moving smoothly, the company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must be equal to 3,000 units plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 12,600 units. b. The raw materials inventory on hand at the end of the month must be equal to 40% of the following month's production needs for raw materials. The raw materials inventory on June 30 for material R2D8 is budgeted to be 40,320 pounds. The cost per pound of raw material is $3.50. c. The company maintains no work in process inventories and the selling price per unit of Super Jetdry is $47.50. A sales budget for Super Jetdry for the last six months of the year follows: Required: a. Prepare a sales budget for Super Jetdry for the months of July, August, and September, and the quarter in total. b. Prepare a production budget for Super Jetdry for the months of July, August, and September and the quarter in total. c. Prepare a direct material purchases budget showing the quantity and cost of material R2D8 to be purchased for July, August, and September and for the quarter in total