direct material budegt $,$ accounting homework $,$ assigment

Question 2 of 2 5.83 / 7 Sheffield Company's sales budget projects unit sales of part 198Z of 12,600 units in January, 14,200 units in February, and 17,300 units in March. Each unit of part 198Z requires 4 pounds of materials, which cost $2 per pound. Sheffield Company desire 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, 2024. (a) Your answer is correct. Prepare a production budget for January and February 2025. SHEFFIELD COMPANY Production Budget For the Two Months Ending February 28, 2025 Prepare a direct materials budget for January 2025. SHEFFIELD COMPANY Direct Materials Budget For the Month Ending January 31, 2025 Units To Be Produced Direct Material Pounds Per Unit Total Pounds Needed for Production Add Desired Pounds in Ending Materials Inventory $ Total Materials Required Expected Unit Sales January 12600 2840 15440 2520 February 14200 3460 17660 2840 Less $ Beginning Direct Materials (Pounds) Add Desired Ending Finished Goods Inventory January 18280 4 73120 7312 80432 29248 51184 2 Total Required Units Less Beginning Finished Goods Inventory Direct Materials Purchases Cost Per Pound Total Cost of Direct Materials Purchases eTextbook and Media Required Production Units eTextbook and Media