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Modules 5&6 - Chapter 7 i Saved Help Save & Exit Submit Check my work 2 Daisy Products Limited of Shenzhen, China, manufactures and distributes toys throughout Southeast Asia. 10 points Three cubic centimetres (cc) of solvent Q80 are required to manufacture each unit of Fineclay, one of the company's eBook products. The company is now planning raw materials needs for the third quarter, the quarter in which peak sales Print of Fineclay occur. To keep production and sales moving smoothly, the company has the following inventory References requirements: 3. The finished goods inventory on hand at the end of each month must be equal to 4,200 units of Fineclay plus 15% of the next month's sales. The finished goods inventory on June 30 is budgeted to be 14,000 units. 3. 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 75,600 cc of solvent Q80. 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 49 , 000 August 56, 000 September 70, 000 October 42, 000 November 28 , 000 December 14, 000 Required: 1. Prepare a production budget for Fineclay for the months of July to October. DAISY PRODUCTS LIMITED Production Budget July August September October Total needs