Grippers sells its rock-climbing shoes worldwide. Grippers expects to sell 5,500 pairs of shoes for $180 each in January, and 3,000 pairs of shoes for $210 each in February. Grippers' production cost per pair of shoes is budgeted at $88 in direct materials cost, $52 in direct labor cost, and $28 in variable manufacturing overhead cost per shoe. Additionally, its monthly fixed overhead budget is $20,000 of which $4,700 represents depreciation, and the company expects to sell 4,500 pairs of shoes in March for $250 each. Grippers has no beginning finished goods inventory for the first quarter but desires ending finished goods inventory to be 50% of the following months' sales. Grippers maintains no direct materials inventory. April sales are projected to be 9,000 pairs of shoes. Selling and administrative expenses total S5,300 per month. (Click the icon to view the sales budget.) Requirement 1. Use this information and the sales budget to prepare Grippers' production budget, direct materials budget, direct labor budget, and manufacturing overhead budget for January, February, and March. Prepare Grippers' production budget. (For items with a $0 balance, make sure to enter "0" in the appropriate field.)