Villegas Company produces various labels, including iron-on name labels, which are sold to parents of camp- bound children. The camps require campers to have their name on every article of clothing. Each roll consists of 10 yards of paper strip with 500 copies of the child's name. Each yard of paper strips costs P2.00. Manning has budgeted production of the label rolls for the next four (4) months as follows: March April May June Rolls in units 12.000 18,000 30,000 20,000 Inventory policy requires that sufficient paper strip be in ending inventory to satisfy 25% of the following month's production needs. The inventory of paper strip at the beginning of March equals exactly the amount needed to satisfy the inventory policy. Villegas Company produces various labels, including iron-on name labels, which are sold to parents of camp- bound children. The camps require campers to have their name on every article of clothing. Each roll consists of 10 yards of paper strip with 500 copies of the child's name. Each yard of paper strips costs P2.00. Manning has budgeted production of the label rolls for the next four (4) months as follows: March April May June Rolls in units 12.000 18,000 30,000 20,000 Inventory policy requires that sufficient paper strip be in ending inventory to satisfy 25% of the following month's production needs. The inventory of paper strip at the beginning of March equals exactly the amount needed to satisfy the inventory policy