The company produces self-watering planters. Sales projections for the first 5 months of the upcoming year show the estimated unit sales of the planters each month to be as follows Month January February March April May Number of planters to be sold 3,000 3,200 3,100 4,200 4,000 Inventory at the start of the year was 750 planters The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales Each planter requires 2 pounds of plastic. The company wants to have 20% of the plastic required for next month's production on hand at the end of each month The plastic costs $0.20 per pound Requirements: 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. 2. Prepare a dir for the plastic for each month in the first quarter of ri the year, including the pounds of plastic required and the total cost of the plastic to be purchased