Blossom Company is preparing its master budget for $2020.$ Relevant data pertaining to its sales, production, and direct materials budgets are as follows.

Sales. Sales for the year are expected to total $1,000,000$ units. Quarterly sales are $18\%,23\%,23\%,$ and $36\%,$ respectively. The sales price is expected to be $$38$ per unit for the first three quarters and $$43$ per unit beginning in the fourth quarter. Sales in the first quarter of $2021$ are expected to be $10\%$ higher than the budgeted sales for the first quarter of $2020.$

Production. Management desires to maintain the ending finished goods inventories at $20\%$ of the next quarter's budgeted sales volume.

Direct materials. Each unit requires $2$ pounds of raw materials at a cost of $$10$ per pound. Management desires to maintain raw materials inventories at $10\%$ of the next quarter's production requirements. Assume the production requirements for first quarter of $2021$ are $490,000$ pounds.

Prepare the sales, production, and direct materials budgets by quarters for $2020.$

BLOSSOM COMPANY

Sales Budget

For the Year Ending December $31,2020$

BLOSSOM COMPANY Production Budget

For the Year Ending December $31,2020$

$\backslash$table$[[,,,,],[1,2,3,4,$Year$]]$

Expected Unit Sales

Add

Desired Ending Finished Goods Units

Less

Beginning Finished Goods Units

Required Production Units