C http Saved Help Save & Exit Submit Check my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion. 2 Return to question Dimsum Products Limited of Nanjing, China, manufactures and distributes toys throughout Southeast Asia. Three cubic centimetres (cc) of solvent S27 are required to manufacture each unit of Fineclay, one of the company's products. The company is now planning raw materials needs for the third quarter, the quarter in which peak sales of Fineclay occur. To keep production and sales moving smoothly, the company has the following inventory requirements: pints a. The finished goods inventory on hand at the end of each month must be equal to 4,500 units of Fineclay plus 15% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 15,000 units. b. The raw materials inventory on hand at the end of each month must be equal to one-half of the following month's production needs for raw materials. The raw materials inventory on June 30 is budgeted to be 81,000 cc of solvent $27. c. The company maintains no work-in-process inventories. A sales budget for Fineclay for the last six months of the year follows: Budgeted Sales in Units July 52, 500 August 60, 000 September 75, 000 October 45, 000 November 30, 000 December 15, 000 McRequired: 1. Prepare a production budget for Fineclay for the months of July to October. X Answer is complete but not entirely correct. Dimsum Products Limited Production Budget July August September October Budgeted sales (units) 38,500 X 44,000 X 155,100 X 33,000 X Add: Desired ending inventory 9,600 X 77, 550 X 8,250 X 6,600 X Total needs 48,400 X 55,550 X 63,250 X 39,600 X Deduct: Beginning inventory 11,000 X 9,600 X 11,550 8,250 X Required production 37,400 X 45,650 X 52,300 X 31,350 XHelp Save & Exi heck my work mode : This shows what is correct or incorrect for the work you have completed so far. It does not indicate co 2 Return to 2. This part of the question is not part of your Connect assignment. ints 3. Prepare a budget showing the quantity of solvent $27 to be purchased for July, August, and September, and for the q in total. x Answer is complete but not entirely correct. Dimsum Products Limited Raw Materials Purchases Budget Third July August September Quarter Solvent $27 purchases (cc) X 112,200 X 136,950 X 156,900 X 406,050 X Add: Desired ending inventory V 68,475 X 78,450 X 47,025 X 47,025 X 180,675 X 215,400 X 203,925 X 600,000 X Total solvent $27 needs 68,475 X 78,450 X 59,400 X Deduct: Beginning inventory 59,400 X 146,925 X 125,475 X Solvent $27 purchases (cc) 121,275 X 540,600