A step-by-step solution would be very helpful.

rborough Corporation manufactures The Sca Thingtwo. in order to project sales and budget requirements for 20X8. and sells two products: Thingone and wo. In July 20X7, Scarborough's budget department gathered the following data 20X8 Projected Sales: Thingone60,000 Thingtwo $70 $100 20X8 Inventories-in units: Expected Desired Thingone Thingtwo January 1.20X8 20,000 8,000 December 31, 20X8 25,000 9,000 In order to produce one unit of Thingone and Thingtwo, the following raw materials are used: Amounts used per unit Raw Materials Thingone 4 Thingtwo lbs. lbs. each Projected data for 20X8 with respect to raw materials are as follows: Expected Desired Inventories January 1, December 31, Inventories Raw Materials Anticipated Purchase Price $8 $5 $3 32,000 lbs.36,000 lbs. 29,000 lbs. 6,000 each 32,000 lbs. 7,000 each