Exercise 172 Garver Industries has budgeted the following unit sales: 2013 Units January 10,000 February 8.000 March 9,000 11,000 May 15.000 The finished goods units on hand on December 31, 2012, was 2,000 units. Each unt requires pounds of raw materials that are estimated to cost an average of 34 per pound. It is the company's policy to maintainished goods inventory at the end of each monthult 20% of next month's anticipated sales. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds need for the following month's production. There were 3,640 pounds of raw materials on hand at December 31, 2012 For the first quarter of 2013, prepare a production budget GARVER INDUSTRIES Production Budget For the Quarter Ended March 31, 2013 January February March Total For the first quarter of 2013, prepare a direct material Budget GARVER INDUSTRIES Direct Materials Budget For the Quarter Ended March 31, 2013 January February March Total For the first quarter of 2013, prepare a direct materials budget. GARVER INDUSTRIES Direct Materials Budget For the Quarter Ended March 31, 2013 January February March Total . . . . . . Click if you would like to show Work for this questioni Open Show Work