Business will be begin operations on January 1, 2021.

Below is the anticipated SALES BUDGET (in units):

Jan. 30,000

Feb. 50,000

Mar. 70,000

Apr. 20,000

ADDITIONAL INFORMATION

a. Ending finished goods inventory should be equal to 10% of next month's sales projection.

b. Each unit requires 3 pounds of material at a raw material cost of $5 per pound.

c. Labor cost is $10 per unit produced.

d. Ending raw material inventory should be equal to 20% of next month's material requirement.

e. Factory overhead is $18,000 per month of which $8,000 is for depreciation.

f. All costs are paid in the month incurred except for purchases which is paid in the following month.

g. The selling price per unit is $100.

REQUIRED: Using Excel

Prepare a sales budget for the first quarter (January through March). Prepare a production budget for the first quarter (January through March). Prepare a raw materials purchases budget for the first quarter (Jan. through Mar.)

Prepare a cash disbursements budget for the first quarter (January through March).

thank you.