Exercise 1-8 Fuqua Company's sales budoet projects unit sales of part 1982 of 10,000 units in January 12,000 units in February, and 13,000 units in March. Each unit of part 1987 requires pounds or materials, which cost 2 per pound Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods Inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2019 Prepare a production budget for January and February 2020 FUQUA COMPANY Production Budget For the Two Months Ending February 28, 2020 January February Expected Onit Sales 10000 12000 Desired Ending Finished Goods Inventory 24000 2600 Total Required Units 12400 1.600 Beginning Finished Goods Inventory 2000 24000 Hund Production is 10400 12200 TO TEXT Prepare aduc materials budget for January 2020, FUQUA COMPANY Direct Materials Budget For the Month Ending January 31, 2020 January Units To Be Produced Direct Material Pounds Per Unit Add Desired Pounds in Ending Materials Inventory Total Materials Required Less Beginning Direct Materials (Pounds) Direct Materials Purchases > Cost Per Pound Total Cost of Direct Materials Purchases Click if you would like to Show Work for this question: Open Show Work