Company manufactures and sells a radio Expected sales are as follows: June 36000 units July 40000 units August 50000 units Sept 38000 units October 30000 units November 24000 units December 35000 units Management likes ending finished goods equal to 25% of next months sales Each item takes 2 chips to make the radio - cost is $4 each a) Prepare a production budget for July - September b) How many chips must be purchased fron July-September c) What is the cost of the chips