C- ABC Corporation has estimated the following information for first quarter of 2020 for one of its products: dec Units to be produced Desired ending inventory of finished goods January 128,000 30,000 February 140,000 36,000 March 152,000 38,000 The ending inventory at December 2019 was 28,000 units. Required: Prepare the Production Budget and the Sales Budget for the first quarter of 2020, assuming selling price per unit is $20. (10 marks) D- The following information has been take from a manufacturing company for the year 2019: Sales revenues 36,000 - opening inventory of materials 10,000 - closing inventory of materials 8,000 - opening inventory of finished goods 6,000 - closing inventory of finished goods 4,000 -- cost of goods produced 26,000 Required: Calculate cost of goods sold and gross profit for the year ended December 31, 2019