Chapter 22 Homework Question 9 of 14 View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. 0.24/1 BE Pargo Company is preparing its master budget for 2020. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales. Sales for the year are expected to total 1,100,000 units. Quarterly sales are 19%, 25%, 24%, and 32%, respectively. The sales price is expected to be $40 per unit for the first three quarters and $45 per unit beginning in the fourth quarter. Sales in the first quarter of 2021 are expected to be 15% higher than the budgeted sales for the first quarter of 2020. Production. Management desires to maintain the ending finished goods inventories at 20% 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 2021 are 490,000 pounds. Prepare the sales, production, and direct materials budgets by quarters for 2020. Chapter 22 Homework Question 9 of 14 < > Expected Unit Sa PARGO COMPANY Sales Budget For the Year Ending December 31, 2020 Quarter 0.24/1 PARGO COMPANY Production Budget For the Y Ending December 31, 2020 Quarter Chapter 22 Homework Question 9 of 14 > Expected Unit Sales At Desired Ending Finished Goods Us Total giving Fed Goo Ghi Required Production Us 0.24/1 Production Budget For the Year Ending December 31.2020 Quarter PARGO COMPANY Direct Materials Budget For the Year Ending December 31, 2020 Chapter 22 Homework Question 9 of 14 > Units to be Pro Di Maria Per Unit Ad Desired Ending Direct Material Pound Cost Per Pound 0.24/1 PARGO COMPANY Direct Materials Budget For the Year Ending December 21.2020 Quarter Chapter 22 Homework Question 9 of 14 < > PARGO COMPANY Sales Budget For the Year Ending December 31, 2020 Quarter PARGO COMPANY Production Budget For the Year Ending December 31, 2020 Quarter 0.24/1 Year I Chapter 22 Homework Question 9 of 14 > PARGO COMPANY Production Budget For the Year Ending December 31, 2020 0.24/1 Quarter Year PARGO COMPANY Direct Materials Budget Chapter 22 Homework Question 9 of 14 > Quarter 0.24/1 eTextbook and Media C