Godwin Company is preparing a budget to determine the amount of part G12 to produce for the first quarter of the year, and the amount of resin to purchase for part G12. The company desires to have 40% of the next month's estimated sales of G12 in inventory at the end of each month. Godwin has a very reliable supplier of resin and therefore desires an ending inventory of only 10% of resin needs for the next month's production. Each unit of G12 requires three quarter of a pound of resin. Projected sales of G12 for January, February, and March are 30,000 units, 50,000 units, and 70,000 units, respectively. Requirements (a How many units of part G12 will Godwin budget to produce in January and February? (b) How many pounds of resin will Godwin budget to purchase in January? Requirement (a) How many units of part G12 will Godwin budget to produce in January and February? Select the labels and enter the amounts to compute the units to be produced for the months of January and February. January February Beginning inventory Desired ending inventory Raw materials per unit Returns SalesGodwm Company is preparing a budget to determine the amount of part G12 to produce for the first quarter of the year and the amount of resin to purchase for part G12 The company desires to have 40% of the next month's estimated sales of G12 in inventory at the end or each month Godwrn has a very reliable supplier of resrn and therefore desires an ending inventory of only 10% of resin needs for the next month's production Each unit of (312 requires three quarter of a pound of resin. Projected sales ofG12 forJanuary, February and March are 30,000 units_ 50,000 units and 70000 units respectively Requirements (3) How many units of part 612 Will Godwrn budget to produce in January and February? (b) How many pounds of resin will Godwrn budget to purchase in January? Requirement (3) How many units of part G12 Will Godwrn budget to produce in January and February? Select the labels and enter the amounts to compute the units to be produced for the months of January and February, January February Units needed Less 7 7 Units to be produced