3. (16 pts) Barnes Co. Barnes Company manufactures three products (A, B, and C) from three raw materials (X, Y. and Z). The following table indicates the number of pounds of each material that is required to manufacture Product A: Product A Month Jan. Feb. Mar. Material X 2 Cost Accounting Final Test The company has a policy of maintaining an inventory of finished goods on all three products equal to 25 percent of the next month\'s budgeted sales. Listed below is the sales budget for the first quarter of 2001: Material Y 3 Needed for Production Ending Inventory Total Beginning Inventory Total Purchased Unit Cost Total Cost Material Z 2 Product B 11,000 12,000 10,000 Product A 10,000 9,000 11,000 Required: Prepare the Production Budget for Product A for the months of January and February: Product A Product C 12,000 8,000 10,000 January Required: Refer to Barnes Co. Unit costs of materials X, Y, and Z are respectively $4, $3, and $5. Barnes Company has a policy of maintaining its raw material inventories at 50 p