Britton Corporation manufactures and sells two products, Thingone and Thingtwo. In July, 20A, the company's Budget Department gathered the following data to project sales and budget requirement for 20B:
Projected sales:

Inventories (in units):

To produce one unit of Thingone and Thingtwo, the following raw materials are used:

Projected data for 20B with respect to raw materials are as follows:

Projected direct labor requirements and rates for 20B are as follows:

Factory overhead is applied at the rate of $2 per direct labor hour.
Required:
Based on the projections and budget requirements for 20B for Thingone and Thingtwo, prepare the following 20B budgets:
(1) Sales budget
(2) Production budget
(3) Raw materials purchases budget
(4) Direct labor budget
(5) Budgeted finished goods inventory at December 31, 20B

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Product Thingone.40,000 Thingtwo. Units 60,000 Price $ 70 100 Desired December 31, 20B 25,000 9,000 Expected January 1, 20B Product Thingone... Thingtwo. 20,000 8,000 Amount Used per Unit Thingone Thingtwo Raw Material 4 lbs 2 lbs. 5 lbs 3 lbs 1 unit Anticipated Expected Desired Inventories Purchase Inventories Raw Material Price January 1, 20B ecember 31, 20B $8 5 3 32,000 lbs. 29,000 lbs 36,000 lbs. 32,000 ibs. 6,000 units 7,000 units Product Thingone.. Thingtwo Hours per Unit 2 3 Rate per Hour $%8 9