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QS 20-6 (Algo) Manufacturing: Production budget LO P1 Champ incorporated budgets the following sales in units for the coming two months. Each month's ending inventory of finished units should be 60% of the next month's sales. The Aprill 30 finished goods inventory is 126 units. Prepare the production budget for May. QS 20-7 (Algo) Manufacturing: Production budget LOP1 Atantic Surf manufactures surfboards. The company's budgeted sales units for the next three months is shown below. Company policg s to maintain finished goods Inventory equal (in units) to 40% of the next month's unit sales. As of June 30 , the company has 1,480 inished surfboards in inventory. repare the production budget for the months of July and August. Exercise 20-6 (Algo) Manufacturing: production budgets LO P1 Electro Company manufactures transmissions for electric cars. Management reports ending finished goods inventory for the first quarter at 224.000 units. The following unit sales are budgeted during the rest of the year second quarter. 448.000 units: third quarter. 408,000 units; and fourth quarter, 498.000 units. Company policy calls for the ending finished goods inventory of a quarter t. equal 50% of the next quarter's budgeted unit sales. Prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture. Required iniormation Use the following information for the Quick Study below. (Algo) Miami Solar manufactures solar panels for industral use. The company budgets production of 4,300 units (solar panels) in July and 6,000 units in August. 2S 20-9 (Algo) Manufacturing: Direct materials budget LO P1 Each unit requires 3 pounds of direct materials, which cost $6 per pound. The company's policy is to maintain direct materla's ventory equal to 40% of the next month's direct materiais requirement. As of June 30 , the company has 5,160 pounds of direct nateriais in inventory. Prepare the direct materials budget for July