Exercise 24-08 a-b Fuqua Company's sales budget projects unit sales of part 198Z of 10,300 units in January, 12,600 units in February, and 13,800 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 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 Your answer is partially correct. Try again. Prepare a production budget for January and February 2020 FUQUA COMPANY Production Budget For the Month Ending January 31, 2020 February January Expected Unit Sales 126 1030 Add Desired Ending Finished Goods Inventory 2520 27 Total Materials Required 1282 153 Less Beginning Finished Goods Inventory 2500 128 Required Production Units 1076 LINK TO TEXT Your answer is partially correct. Try again. Prepare a direct materials budget for January 2020 FUQUA COMPANY Direct Materials Budget For the Two Months Ending February 28, 2020 January Required Production Units 1076 Cost Per Pound Total Pounds Needed for Production 3228 AddDesired Ending Finished Goods Inventory 1543 Total Required Units 4771 Less | ginning Finished Goods Inventory 1291 Total Pounds Needed for Production Cost Per Pound 139200 Total Cost of Direct Materials Purchases For the Quarter Ending February 28, 2020 For the Month Ending January 31, 2020 d For the Two Months Ending February 28, 2020 Cost Per Pound Desired Pounds in Ending Materials Inventory Total Required Units Direct Material Pounds Per Unit Total Cost of Direct Materials Purchases Direct Materials Purchases Expected Unit Sales Total Materials Required Beginning Direct Materials (Pounds) Beginning Finished Goods Inventory Required Production Units Total Pounds Needed for Production Units To Be Produced Desired Ending Finished Goods Inventory