budgets are as follows. Sales, Sales for the year are expected to total 1,180,000 units. Quarterly sales are 18%,23%,24%, and 35%, respectively. The unit selling price is expected to be $41 for the first three quarters and $43 beginning in the fourth quarter. Sales in the first quarter of 2023 are expected to be 15% higher than the budgeted sales for the first quarter of 2022. Production. Management desires to maintain the ending finished goods inventories at 25% of the next quarter's budgeted sales volume. Direct materials. Each unit requires 2 pounds of raw materials at a cost of $12 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 2023 are 531,000 pounds. Prepare the sales, production, and direct materials budgets by quarters for 2022. Prepare the sales, production, and direct materials budgets by quarters for 2022. e the sales, production, and direct materials budgets by quarters for 2022. CORONADO COMPANY Production Budget For the Year Ending December 31, 2022 Quarter Expected Unitsales \begin{tabular}{l} \hline 1212400 \\ \hline \end{tabular} Total Required Units Required Production Units CORONADO COMPANY Production Budget For the Year Ending December 31, 2022 Quarter \begin{tabular}{|} \hline 212400 \\ \hline \end{tabular} 2271400 383200 Year CORONADO COMPANY Direct Materials Budget For the Vear Ending December 31, 2022 Quarter Units to be Produced Direct Materials Per Unit Total Pounds Required for Production Total Materials Required Less v: Beginning Direct Materials (Pounds). Direct Materials Purchases. Cost Per Pound Total Cost of Direct Materials Purchnses CORONADO COMPANY Direct Materials Budget For the Year Ending December 31,2022 Quarter 2 3 4 Year 2 2 2