Adam Inc. is a manufacturing firm which designs and manufactures electric switches for use in construction. Below is the expected (budgeted) data for the start of next year: August September October November Sales in units 400 Sales price per unit $18.00 600 $20.00 800 740 $22.00 $21.00 The desired ending inventory for finished goods (production) is 20% of next month's sales. The desired ending inventory for raw materials is 40% of the next month's raw material requirements. Raw material required for each unit of the product is 5 units. The cost of each unit of raw material is $3 per unit. Time required to assemble one (1) switch is 15 minutes. Workers are paid $20 per direct labour hour. Using the above information answer the following questions. Using the sales budget, calculate the budgeted sales for September. HINT: remember the entry rules! Complete the production budget. How many units will have to be produced in September to meet the requirements? HINT: What are the "Units to be produced" on the production budget for September? Prepare the Direct Materials Purchases Budget. What will be the cost of September's production? HINT: On the Direct Materials Purchases Budget, what will be the "Total direct materials cost"? Prepare the Direct Labour Budget. What will be the total direct labour cost (rounded to the nearest dollar) for September?