The Peak Company sells hiking equipment. Selling price is $185 per unit. The projected sales quantity for the next quarter are as follows: Required: (i) (ii) (111) Month April May June Units to be sold 2,000 3,500 1,500 Prepare a sales budget for April, May and June. (3 marks) The company's policy is to have an ending inventory of finished product equal to 20% of next month's sales. Beginning inventory on 1 April is 270 units. Prepare a production budget for April and May. (5 marks) Each unit of finished product requires 3 kg of direct materials @ $2.50 per kg. Direct material ending inventory should be 25% of the next month's production needs. Beginning inventory on 1 April is 1,715 kg. Prepare a direct material purchase budget in kg and in dollars for April only. (6 marks)