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1a please Total Pop's data show the following information of January, February, March, April, May 2022 (respectively): Additional information - Finished goods inventory is required

1a please
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Total Pop's data show the following information of January, February, March, April, May 2022 (respectively): Additional information - Finished goods inventory is required to be 20% of the nextymonth's requirements. - The ending inventory required for direct materials is 15% of the next month's needs. - Direct material requires 2 pounds per unit at a cost of $3 per pound. - In January, the beginning inventory is 3,000 units of finished goods and 4,470 pounds of material. Required: Prepare the below budgets for the company: (a) a production budget for the first quarter of the year. 9 marks) (b) direct materials budget for the first quarter of the year. (16 marks) Total (25 marks)

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