Each unit sells for $38 January February March April May June Forecasted Sales (units) - 10,000 12,000 14,000 16,000 11,000 13,000 Each unit requires 6 pounds of Raw Material Each unit requires 4.5 hours of Direct Labor Each unit requires 2.5 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 1st was 1,500 units Beginning Inventory of Raw Material on January 1st was 12,360 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)