2. Company A manufactures a "thing." Each "thing requires 3 pounds of stuff to produce. Company A sets has the following inventory requirements a. Finished goods inventory must be 20% of next month's sales. b. Raw materials inventory must be 40% of next month's raw materials production needs. Company A had December 31st raw materials levels of 15,000 pounds of stuff, and finished goods levels of 7,000 "things" and it wants March 31" raw materials levels of 20,000 pounds of stuff, and finished goods levels of 10,000 things" Prepare a Production Budget for the first quarter for Company A: (7 points) Company A Production Budget January February March Quarter Budgeted Sales Units 35,000 30,000 25,000 90,000 Required Production in Units Prepare a Direct Materials Budget for the first quarter for Company A: (8 points) Company A Direct Materials Budget January February March Pounds of Stuff to Meet Production Quarter Pounds of Stuff to be Purchased