ABC Companys budgeted sales for June, July, and August are 14,000, 18,000, and 16,000 units, respectively. ABC requires 25% of the next months budgeted unit sales as finished goods inventory each month. Budgeted ending finished goods inventory for May is 3,500 units. Each unit that ABC Company produces uses 4 pounds of raw material.ABC requires 20% of the next months budgeted production as raw material inventory each month.