1) Fine Furniture Co. manufactures wooden tables. Management is preparing the budgets for June, and has accumulated the following information: Tables Product Information Revenue: Expected June sales in units Expected July sales in units Selling Price per unit 2,000 2,500 $250 Direct Materials (feet of lumber per unit @ $0.50/foot) Required: a. Prepare the sales budget of tables for the month of June? b. Fine Furniture does not have a Work in Process Inventory, since all units started are completed on the same day. Ending Finished Goods inventory is maintained at 5% of expected sales for the next period. Prepare the production budget (total units) of tables for the month of June? (Hint: the budgeted beginning balance of inventory of tables for the month of June is 100 units) Fine Furniture is located near a lumber supply store, and only purchases materials as they are needed in production: they do not carry a materials inventory. The company has an agreement to pay their supplier 60% of the cost of purchases in the period bought, and the remainder in the period following. The Accounts Payable balance at the beginning of June is $30,000. What is the amount budgeted to be paid in June for direct materials