Valentina Kho manufactures various pottery products. It has the following sales budget, in sets, for its romantic line of dishes: April, 25,000; May, 30,000; June, 35,000; July 40,000. Valentina keeps its inventory at twice the coming month's budgeted sales. At April 1 , Valentina's expected inventory to be 47,000 sets. Making one set of romantic dishes requires 15 pounds of materials at a cost of P0.50 per pound. Valentina keeps its inventory of materials at 150% of the coming month budgeted production. At the beginning of April, Valentina expects to have 540,000 pounds of materials on hand. Required: a. Prepare a Production Budgets for April and May b. Prepare Materials Purchases Budget for April and May in pounds, in Peso