Glad To Never See The Managerial Accounting Instructor Again Limited manufactures and sells a comfort aircraft ejection seat (to ensure annoying accounting instructors get pushed out of plane) that has peak sales in the third and fourth quarter of the financial year (i.e., 1 January to 31 December). The following information concerns operations in 2025 the coming year, and for the first three quarters of 2026: 1) The company's single produce sells for $49 per unit. Budgeted sales in units for the next seven quarters are as follows (all sales are on credit) - 2026 2025 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Unit Sales 220,000 290,000 400,000 375,000 210,000 280,000 390,000 2) Sales are collected in the following projected patter: 35% in the quarter the sales are made, 25% in the following quarter, 20% in the 2nd quarter after the sales and the remainder in the 3rd quarter after the sale. On December 31, 2024, the company's balance sheet showed $320,000 in accounts receivable. Of that balance 50% will be collected in the first quarter of 2025, 25% in Q2 2025 and remainder in Q3 2025. Bad debts are negligible and can be ignored. 3) The company desires an ending finished goods inventory at the end of each quarter equal to 45% of the budgeted unit sales three quarters in advance. On December 31, 2024 the company had 65,000 units on hand. 4) Ten kilograms of raw material are required to complete one unit of product. The company requires ending raw material inventory at the end of each quarter to be 20% of the following quarter's production needs. On December 31, 2024 the company has 440,000 kilograms of raw materials on hand. Required: 1) Prepare the production budget for 2025 and Q1 2026 showing quarterly details and total fiqures for 2025. Required: 1) Prepare the production budget for 2025 and Q1 2026 showing quarterly details and total figures for 2025. 2) Prepare the raw materials inventory budget for 2025 and Q1 2026 showing quarterly details and total figures for 2025