1. 1) Using the following information, fill out the sales budget and production budget below. (14 points) - ASU Company expects to sell 20,000 units and 30,000 units for the first and second half of 2023, respectively. - ASU Company sets a selling price at $3.00 per unit. - Ending inventory is budged to be 15% of the next half-year's sales in units. - ASU Company expects to sell 12,500 units for the first half of 2024. ASU Company Sales Budget For the Year Ending December 31, 2023 ASU Company Production Budget For the Year Ending December 31, 2023 2) Using the following information, fill out the direct material (DM) budget below. ( 18 points) - Each unit to be produced requires 1.5 yards of direct material. - Desired ending inventory of direct material is 10% of the next half-year's direct material required for production. - Direct material required for production for the first half of 2024 is expected to be. 67,500 yards. - Purchase price of direet material is $2 per yard. ASU Company Direct Material Budget For the Year Ending December 31, 2023