eBook Question Content Area Multiperiod budgeted income statement and supporting budgets Bellaire Inc. gathered the following data for use in developing the budgets for the first quarter (January, February, March) of its fiscal year: a. Estimated sales at $125 per unit: Month Sales January 25,000 units February 30,000 units March 45,000 units April 50,000 units b. Estimated finished goods inventories: Month Finished Goods Inventory January 1 2,000 units January 31 10% of next months sales February 28 10% of next months sales March 31 10% of next months sales c. Work in process inventories are estimated to be insignificant (zero). d. Estimated direct materials inventories: Month Direct Materials Inventory January 1 1,000 lbs. January 31 1,500 lbs. Fe