=E=E Part B-August Budgets Finished Goods Inventory: Materials Inventory: There was negligible work in process inventory assumed for either the beginning or end of the month; thus, none was assumed. In addition, there was no change in the cost per unit or estimated units per case operating data from January. Required-Part B: 5. Prepare the August production budget. 6. Prepare the August direct materials purchases budget. 7. Prepare the August direct labor budget. 8. Prepare the August factory overhead budget. 9. Prepare the August budgeted income statement, including selling expenses. 8. Prepare the August factory overhead budget