Crane Company's sales budget projects unit sales of part 1987 of 10,600 units in January, 12,200 units in February, and 14,300 units in March. Each unit of part 1987 requires 4 pounds of materials, which cost $2 per pound. Crane 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) Your answer is correct. Prepare a production budget for January and February 2022. (b) CRANE COMPANY Production Budget For the Two Months Ending February 28, 2022 Expected Unit Sales Add Desired Ending Finished Goods Inventory Total Required Units January Februa 10600 2440 13040 Less Beginning Finished Goods Inventory -2120 Required Production Units 10920 eTextbook and Media Your answer is partially correct. Prepare a direct materials budget for January 2022. CRANE COMPANY Direct Materials Budget For the Month Ending January 31, 2022 Units To Be Produced Direct Material Pounds Per Unit Total Pounds Needed for Production Add Desired Pounds in Ending Materials Inventory Total Materials Required Less Beginning Direct Materials (Pounds) Direct Materials Purchases Cost Per Pound Total Cost of Direct Materials Purchases January 10920 Attempts: 1 of 2 used