Production Budget and Direct Materials Purchases Budget Jani Subramanian, owner of Jani's Flowers and Gifts, produces gift baskets for various special occasions. Each gift basket includes fruit or assorted small gifts (e.g., a coffee mug, deck of cards, novelty cocoa mixes, scented soap) in a basket that is wrapped in colorful cellophane. Jani has estimated the following unit sales of the standard gift basket for the rest of the year and for January of next year. September 250 October 200 November 230 December 380 January 100 Jani likes to have 5% of the next month's sales needs on hand at the end of each month. This requirement was met on August 31. Two materials are needed for each fruit basket: Fruit 1 pound Small gifts 6 items The materials inventory policy is to have 5% of the next month's fruit needs on hand and 35% of the next month's production needs of small giftet relatively low inventory amount for fruit is designed to prevent spoilage.) Materials inventory on August 31 met this company policy Required: 1. Prepare a production budget for September October, November, and December for gift baskets. (Note: Round all answers to the nearest 1. Prepare a production budget for September October, November, and December for gift baskets. (Note: Round all answers to the nearest whole unit. Jani's Flowers and Gifts Production Budget for Gift Baskets For September, October, November, and December September October November December Sales Desired ending inventory Needed Less: Beginning inventory Production 2. Prepare a direct materials purchases budget for the two types of materials used in the production of gift baskets for the months of September October, and November. (Note: Round answers to the nearest whole unit.) Jani's Flowers and Gifts Direct Materials Purchases Budget For September, October, and November September October November Fruit: Production Pounds of fruit PUMUS UC Required for production Desired ending inventory Total needs Less: Beginning inventory Pounds purchased Small gifts: Production Items required Needed for production Desired inventory