Concord Company's sales budget projects unit sales of part 1987 of 11,200 units in January, 12,800 units in February, and 15,200 units in March. Each unit of part 198Z 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 January February (b) Prepare a direct materials budget for January 2022. CONCORD COMPANY Direct Materials Budget January V: $ $