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Johnson 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 each month to be as follows: E (Click the icon to view additional information.) Inventory at the start of the year was 640 planters. The desired inventory of planters at the end of each month should be equal to 20% of the following month's budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 10% 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. March Johnson Manufacturing Production Budget For the Months of January through March January February Unit sales 3,200 3,600 720 620 Plus: Desired ending inventory Total needed 3,920 4.220 640 720 Less: Beginning inventory 3,280 3,500 Units to produce 3,100 900 Quarter 9,900 900 4,000 620 10,800 640 3,380 10,160 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. Data Table Johnson Manufacturing Direct Materials Budget For the Months of January through March January February 3,280 3,500 Quarter March 3,380 Units to be produced 10,160 13,120 14,000 13,520 40,640 3,600 1,400 Number of planters to be sold January ..... 3,200 February March 3,100 April 4,500 May 4,700 1,352 1,816 Multiply by: Quantity of direct materials needed per unit Quantity needed for production Desired ending inventory of direct Plus: materials Total quantity needed Less: Beginning inventory of direct materials Quantity to purchase Multiply by: Cost per pound 1,816 14,520 15,352 15,336 42,456 Print Done Total cost of direct material purchases Enter any number in the edit fields and then click Check