3 4 5 6 Apr 7 8 9 10 NAKE's sales budget for basketballs for the next months: Jan Feb Mar Units 500,000 600,000 400,000 700,000 They sell each basketball for $12 They want ending inventory to be 30% of the next month's sales units. Finished Goods Beginning Finished goods inventory is 100,000 units. It takes 2 pounds of rubber to make each basketball. That is the only Direct Material Beginning Direct Material inventory is 10,000 pounds of rubber They want ending raw material inventory to be 10% of the next month's direct material need. One pound of rubber cost them $2 Each basketball takes 30 minutes of labor and labor cost is $12 per hour 11 12 13 14 15 16 17 18 19 1 20 21 Prepare the Sales Budget for Jan-Mar Jan Feb Units Mar Apr 22 23 24 25 Revenue 26 27 28 29 30 31 2 Prepare the Unit Production Budget in Units for Jan-Mar Jan Feb Mar 32 33 34 35 36 37 38 39 3 Prepare the Raw Materials Budget for Jan-Feb in pounds and dollars Jan Feb 40 41 42 43 44 45 4 Prepare the direct labor budget for Jan, Feb and Mar 46 47 48 Jan Feb Mar 49 50 51 52