Section B: Problem Solving (50 points) 1. Bottled Nature Ltd made the following sales projections (in units) for the next six-month period: There were 20,000 units of finished goods in inventory at the beginning of January. Plans are to have an inventory of finished products that equal 30% of the unit sales for the next month. Eight pounds of materials are required for each unit produced. Each pound of material costs $6. Inventory lev for materials are equal to 25% of the needs for the next month. Materials inventory on January 1 was 35,000 pounds. Required: a. Prepare production budgets in units from January to April. (9 points) b. Prepare a purchases budget in pounds from January to April and give total purchases in both pounds and dollars for each month. (11 points)