Fuqua Company's sales budget projects unit sales of part 1987 of 10,600 units in January, 12,000 units in February, and 13,200 units in March. Each unit of part 1987 requires 3 pounds of materials, which cost $3 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) Your Answer Correct Answer - Your answer is partially correct. Prepare a production budget for January and February 2020. FUQUA COMPANY Production Budget For the Quarter Ending February 28, 2020 January Expected Unit Sales 10.600 Add : Desired Ending Finished Goods Inventory 2,400 Total Required Units 13,000 Less : Beginning Finished Goods Inventory 2.120 i Required Production Units 10,880 e Textbook and Media Solution Attempts: 3 of 3 used (b) Prepare a direct materials budget for January 2020. FUQUA COMPANY Direct Materials Budget January $ $ $ $ eTextbook and Media Save for Later Attempts: 0 of 3 used Submit