3. Garver Industries has budgeted the following unit sales: 2018 Units 12,000 8,500 10,000 January February March April 11,000 15,000 May The finished goods units on hand on December 31, 2017, was 3,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $5 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 25% of next month's anticipated sales. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 10,013 pounds of raw materials on hand at December 31, 2017. Instructions For January and February 2018, prepare (1) a production budget and (2) a direct materials budget. Please round any decimals up to the next dollar or unit