Searl Products Limited of Shenzhen, China, manufactures and distributes toys throughout South East Asia. Three cubic centimeters (c) of solvent H3OO are required to manufacture each unit of Supermix, one of the company's products. The compary is planning its raw materials needs for the third quartet, the quarter in which peak sales of Supermix occur, To keep production and sales moving smoothly, the company has the following inventory requirements: a. The finished goods irtventory on hand at the end of each month must equal 4,000 unats of Supermix plus 25% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 18,250 units. b. The raw materials inventory on hand of the end of each month must equal one-half of the following month's production needs for Fow materials. The row materials inventory on June 30 is budgeted to be 87,375 ce of solvent H300 c. The company maintains no work in process ieventotios. A monthly sales budget for Supermix for the third and fourth quarters of the year foliows. Requited: 1. Prepare a production budget for Supermix for the months July, August. Septembect and October: 3. Prepare a diect materisis budget thowing the quamity of toivent H300 to be purchased for July. Augast, and September, and for? the guacter in total Compleis this guestien by enterlag your answers in the tabs belowi. Required: 1. Prepare a production budget for Supermix for the months July. August, September, and October. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the quarter in total Complete this question by entering your answers in the tabs below. Prepare a production budget for Supermix for the months July, August, September, and October: Required: 1. Prepare a production budget for Supermix for the months July. August, September, and Octobet. 3. Prepare a direct materials budget showing the quantity of solvent H300 to be purchased for July, August, and September, and for the cuarter in total. Complete this question by entering your answers in the tabs below