Question 2 (o value 45.00 points Franklin Products Limited manufactures and distributes a number of products to retailers. One of these products, SuperStick, requires four kilograms of material D236 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 SuperStick 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 8,350 units plus 20% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 22,420 units bThe raw materials inventory on hand at the end of each month must be equal to 40% of the fo month's production needs for raw materials. The raw materials inventory on June 30 for material D236 is budgeted to be 130,400 kilograms c. The company maintains no work in process inventories A sales budget for SuperStick for the last six months of the year follows July August September October November December Budgeted Sales Units 60,700 75,350 105,700 53,350 30,350 15,140 Required 1. Prepare a production budget for SuperStick for July. August, September, and October August Budgeted sales (units) Add: Desired ending inventory Total needs 60.700 23,420 84,120 23,420 60,700 75,3 29,490 04.840 105,700 19,020 24,720 67,770 : Beginning inventory Required production 104,840 124,720 67,770 2. Not available in Connect 3. Prepare a direct materials purchases budget showing the quantity of material 0236 to be purchased for July, August, and September and for the quarter in total