Each unit sells for $$250$

Forecasted Sales $($in units$)$

$\backslash$table$[[$January$,$February,March,April,May,June,July$],[16,000,13,000,16,000,17,000,18,000,19,000,14,000]]$

Each unit requires $7$ pounds of Raw Material

Each unit requires $4\mathrm{.}5$ hours of Direct Labor

Each unit requires $2\mathrm{.}5$ hours of machine time

Each pound of material costs $$8$

Your desired Ending Inventory in units every month for Finished Goods is $15\%$ of next month's sales

Your desired Ending Inventory in pounds every month for Raw Material is $20\%$ of next month's usage

Beginning Inventory of Finished Goods on January $1^{st}$ was $2,400$ units

Beginning Inventory of Raw Material on January $1^{st}$ was $21,770$ pounds.

Prepare a Production Budget for January, February, March, April $(8$ points$)$

Using your answer from the Production Budget, prepare a Raw Material Purchases Budget for January, February and March $(12$ points$)$