Exercise 14-9 (Algo) Production and purchases budgets LO 14.4, 14.5 Olympia Productions incorporated makes award medallions that are attached to ribbons. Each medallion requires 18 inches of ribbon. The sales forecast for March is 2,000 medalions. Estimated beginning inventories and desired ending inventories for March are as follows: (Assume t8 inches =0.5 yards) Required: a. Calculate the number of medallions to be produced in March. b. Calculate the number of yards of riobon to be purchased in March