Production Budget and Direct Materials Purchases Budgets Pets Pius, Inc, produces otic fuld for dogs. The otic fluid is sold in 12 -ounce plastic bottles. The sales budget for the first four months of the year is as followst Company policy requires that ending irventories for each month be 20% of next month's soles. At the beginning of January, the inventory of otic fluid is 33,000 botties. Each bottie of otic fuld needs two raw materials: elght ounces of a mix of salicylic acid and water and one plastic bottie. Company policy requires that ending inventories of rav materials for each month be 20% of the next month's production needs. That policy was met on January 1. 1. Prepare a production budget for the firtt evarter of the vear shew the number of bottles that should be produced each month as well as for the quarter in total. 2. Prepare a direct materials purchases budget for botties for the months of January and February. Round all calculations to the nearest whole number. Prepare a direct materials purchases budget for salicylic acid and water moture for the momths of lanuary and February. Round all calculations to the nearest whole number