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4:57%26 NO +962 7 9779 7572 Question 4: (10 marks) Wednesday Company manufactures audio speakers for desktop computer, The controller is currently preparing a budget for the second quarter of the year. The sales forecast has been made as follows: April 20.000 May 25,000 June 17,500 July 20,000 August 30,000 The selling price per unit is $10 following month's sales. The management of the company wants ending inventory to be equal to 20% of the On March 31; 4,000 finished units, 2,500 raw material inventory were on hand. Each unit needs two pieces of raw materials. Also, management wants raw materials ending inventory to be equal to 10% of the following month's production requirements. Required: 1. 2. Prepare the raw materials budget by month and for the second quarter ends June 30. Prepare the Production budget by month and for the second quarter ends June 30