(CGA adapted) Prepare a production and a direct materials budget E9.8 (LO 2), AP Fuqua Company's sales budget projects unit sales of part 1982 of 10,000 units in January, 12,000 units in February, and 13,000 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $2 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2019. Instructions Prepare a production budget for January and February 2020. b. Prepare a direct materials budget for January 2020