Stenback 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 nach month to be as follows Click the icon to view additional information.) Inventory at the start of the year was 350 planters. The desired inventory of planters at the end of each month should be equal to 10% of the following month's budgeted sales. Each planter require two pounds of polypropylene (a type of plastic). The company wants to have 20% 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 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 Stenback Manufacturing Production Budget For the Months of January through March January February March Quarter Unit sales 3,500 3,400 3,600 10.500 340 360 400 400 Plus Desired ending inventory Total needed: 3,840 3,760 4,000 10.000 9 Less: Beginning inventory 350 3.400 340 360 350 3420 3.640 10.550 Units to produce 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. Stenback Manufacturing Direct Materials Budget For the Months of January through March January February March Quarter