Grouper Industries has budgeted the following unit sales: 2022 Units January 10,000 February 7,500 March 9,500 April 11,000 May 14,500 The finished goods units on hand on December 31, 2021 was 2,000 units. Each unit of finished goods requires 2 pounds of direct materials that are estimated to cost an average of $5 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. The company also has a policy of maintaining a direct materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 5,700 pounds of direct materials on hand at December 31, 2021. (a) For the first quarter of 2022, prepare a production budget. Expected unit sales Desired ending finished goods inventory Total required finished goods units Less Beginning finished goods inventory Required production of finished goods units Save for Later GROUPER INDUSTRIES Production Budget For the Quarter Ended March 31, 2022 January 10000 February 750 Attempts: 0 of 1 used Submit Answer