Concord Company's sales budget projects unit sales of part 1982 of 11,200 units in January, 12,800 units in February and 15,200 units in March. Each unit of part 1982 requires 4 pounds of materials, which cost $2 per pound. Concord 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, 2021. (a) Prepare a production budget for January and February 2022. CONCORD COMPANY Production Budget Expected Unit Sales Add Desired Ending Finished Goods Inventory Total Required Units Less Beginning Finished Goods Inventory Required Production Units January 11.200 February 12,800