Exercise 9-8 (Part Level Submission) Fuqua Company's sales budget projects unit sales of part 1987 of 10,800 units in January, 12,600 units in February, and 13,500 units in March. Each unit of part 1987 requires 4 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. (a) Prepare a production budget for January and February 2020. FUQUA COMPANY Production Budget January February Click if you would like to Show Work for this question: Open Show Work *Exercise 9-5 (Video) DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month January February Units 10,150 8,380 Month March April Units 5,410 4,320 Each unit requires 3 pounds of raw materials costing $2 per pound. On December 31, 2019, the ending raw materials inventory was 6,090 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter. DEWITT INDUSTRIES Direct Materials Purchases Budget January February March