Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget. Beckett Manufacturing Direct Materials Budget For the Months of January through March January February March Quarter Units to be produced 3,280 3,500 3,380 10,160 4 4 Multiply by: Quantity of direct materials needed per unit Quantity needed for production 13,120 14,000 40,640 13,520 1,816 1,400 1,352 1,816 Plus: Desired ending inventory of direct materials Total quantity needed 14,520 15,352 15,336 42,456 Less: Beginning inventory of direct materials Quantity to purchase Multiply by: Cost per pound Total cost of direct material purchases Beckett Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 10% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.25 per pound. Read the requirements. X Data Table Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. Beckett Manufacturing Production Budget Number of planters to be sold For the Months of January through March January .. February 3,200 3,600 3,100 February March Quarter January 3,200 March Unit sales 3,600 3,100 9,900 720 4,500 620 900 April .. Plus: 900 Desired ending inventory May 4,700 Total needed 3,920 4,220 4,000 10,800 640 720 620 640 Less: Beginning inventory Print Done 3,280 3,500 3,380 Units to produce 10,160 Requirement 2. Prepare a direct materials budget for the polypropylene for each month in the first quarter of the year, including the pounds of polypropylene required and the total cost of the polypropylene to be purchased. Start by preparing the direct materials budget through the total quantity needed, then complete the budget