1. Projected sales for Sommers, Inc., for next year and beginning and ending inventory data ar as follows: Sales Beginning inventory Desired ending inventory 50,000 units 4,000 units 8,000 units The selling price is $40 per unit. Each unit requires four pounds of material which costs $6 per pound. The beginning inventory of raw materials is 12,000 pounds. The company wants to have 3,000 pounds of material in inventory at the end of the year, Required: (a) Sales budget (b) Production budget (c) Direct material budget (d) Purchases budget