Comfy Pilows makes decorative throw pillows for home use. The company sells the pillows to home dcor retailers for $17 per pillow. Each pillow requires 1.20 yards of fabric, which the company obtains at a cost of $9 per yard. The company would like to maintain an ending stock of fabric equal to 10% of the next month's production requirements. The company would also like to maintain an ending stock of finished pillows equal to 20% of the next month's sales, Sales (in units) are projected to be as follows for the first three months of the year Click the icon to view the projected sales (in units) for the first three months of the year.) Read the requirements March 1st Quarter Unit sales January 100,000 17 S 1.700,000 $ February 180,000 17 $ 185.000 17 $ 465,000 17 $ Unit selling price Total sales revenue $ 3,060,000 $ 3145,000 $ 7,905,000 Cash sales $ 170,000 $ 306,000 $ 314,500 $ 790,500 1,530,000 2,754,000 2,830.500 Credit sales 7,114,500 Total sales $1,700,000 $ 7,905,000 3,060,000 $3,145.000 S Requirement 2. Prepare the production budget. Assume that the company anticipates selling 220,000 units in April. (Round your answers to the nearest whole number.) Comfy Pillows Production Budget - Ho - More info Comfy Pil Each pillo rs for $17 per pillow like to maintain an maintain an ending the first three month ending std stock offi of the yea January February March 100,000 180,000 185,000 (Click Read the Print Done Total sald Jnil . (Round your Requiren answers to Te TUTUST WTION TIME Comfy Pillows Production Budget For the Quarter Ended March 31 January February 100000 180000 March 1st Quarter Unit sales 185000 465000 36000 37000 Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce - x Requirements neid guir Prepare the following budgets for the first three months of the year, as well as a summary budget for the quarter: 1. Prepare the sales budget, including a separate section that details the type of sales made. For this section, assume that 10% of the company's pillows are cash sales, and the remaining 90% are sold on credit terms. 2. Prepare the production budget. Assume that the company anticipates selling 220,000 units in April. Prepare the direct materials purchases budget. Assume the company needs 240,000 yards of fabric for production in April. ent 2 the 3. Print Done Desired eded