Ch 7 Question 1: (10-Points) The managerial accountant of Bahrain Corporation collected the following expected data for the first quarter next year 2014: Statements Jan 5,000 $15 1,000 1,200 Month Feb 5,300 $15 500 March 5,900 $15 800 The expected sales unites The expected sales price The expected ending finished goods inventory Beginning finished goods inventory The estimated units of ending direct materials inventory The units of beginning direct materials inventory Cost per one gram of direct materials direct materials per unit Required: Prepare the following operating budgets: 30,000 35,000 30,000 25,000 $1.30 $1.30 $1.30 15 gram A. Sales Budget. (2-Points) B. The Production Budget. (3-Points) C. The Direct Materials Purchases Budget. (5-Points)