Question 2 (of 4) Save & Exit Submit 2.value: 3.00 points E8-12 Preparing Production, Raw Materials Purchases Budgets [LO 8-3b, c] Croy Inc. has the following projected sales for the next five months: Month Sales in Units April 3,600 May 3,885 June 4,550 July 4,165 August 3,910 Croys finished goods inventory policy is to have 60 percent of the next months sales on hand at the end of each month. Direct material costs $3.00 per pound, and each unit requires 2 pounds. Raw materials inventory policy is to have 50 percent of the next months production needs on hand at the end of each month. Raw materials on hand at March 31 totaled 3,771 pounds. Required: 1. Determine budgeted production for April, May, and June. 2. Determine the budgeted cost of materials purchased for April, May, and June. (Use rounded Budgeted Production units in intermediate calculations. Round your answers to 2 decimal places.)