Garver Industries has budgeted the following unit sales The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound it is the company's policy to maintain a finished goods inventory at the end of each month equal to 20 s of next month's anticipated sales. Instructions For the first quarter of 2020, prepare a production budget