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For the first quarter of 2022, prepare a production budget. GROUPERINDUSTRIES Production Budget Desired ending finished goods inventory Total required finished goods units Required production of finished goods units Expected unit sales Direct materials purchases Beginning finished goods inventory Cost per pound the first quarter of 2022, prepare a production budget. GROUPERINDUSTRIES Production Budget January February March Total Grouper Industries has budgeted the following unit sales: The finished goods units on hand on December 31, 2021 was 2,000 units. Each unit of finished goods requires 2 pounds of direct materials that are estimated to cost an average of $5 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. The company also has a policy of maintaining a direct materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 5,700 pounds of direct materials on hand at December 31, 2021