For quarter 1, Wisc Co. has 1,000 units of beginning finished goods inventory, expects to sell 5,000 units, and seeks an ending finished goods inventory of 1,500 units. As such, management is required to produce units. 3,500 5,000 5,500 7,500 None of the above For quarter 1, Wisc Co. has 1,000 beginning direct materials (pounds) of inventory, expects to sell 5,000 units (2 pounds each), and seeks a desired ending direct materials (pounds) of inventory of 1,500 units. As such, management is required to produce inventory. pounds of direct material 7,000 10,000 10,500 11,000 None of the above Select the following sequence of events considering the company is a SERVICE provider (i.e. NOT a manufacturer) A Production budget Budgeted cost of goods sold + desired ending finished goods inventory - beginning finished goods inventory required finished goods purchases A Purchases budget Budgeted cost of goods sold + desired ending merchandise inventory - beginning merchandise inventory required merchandise purchases A Sales budget Budgeted cost of goods sold + desired ending finished goods inventory - beginning finished goods inventory required finished goods purchases A Service budget Budgeted cost of goods sold + desired ending finished goods inventory - beginning finished goods inventory required finished goods purchases