The V. Rovere Manufacturing Co. has determined its estimated production for the first four months of the year as follows: The ending inventory is expected to be 60% of the following month's production requirements in pounds. A finished product requires five pounds of direct materials. The cost per pound is $10. Required: 1. Compute the number of pounds of material needed for production for January. February and March. 2. Prepare a materials purchases budget in pounds for January, February, and March and for the first quarter. Rovere Manufacturing has estimated cash available for purchases during the months of January. February and March of $35,000 per month. What recommendation( $ ) would you make to management given this cash flow situation