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is this right? and if its not, how do i fix it? thanks! Fuqua Company's sales budget projects unit sales of part 1982 of 10,300

is this right? and if its not, how do i fix it? thanks! image text in transcribed
image text in transcribed
Fuqua Company's sales budget projects unit sales of part 1982 of 10,300 units in January, 12,500 units in February, and 13,400 units in March. Each unit of part 1982 requires 4 pounds of materials, which cost $5 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2019. Prepare a production budget for January and February 2020 FUQUA COMPANY Production Budget For the Two Months Ending February 28, 2020 January February 12,500 Expected Unit Sales 10,300 Add Desired Ending Finished Goods Inventory 2,500 2,680 Total Required Units 12,800 15,180 Less Beginning Finished Goods Inventory 2,060 2,500 Required Production Units 10,740 12,680 Prepare a direct materials budget for January 2020. FUQUA COMPANY Direct Materials Budget For the Month Ending January 31, 2020 January Units To Be Produced 10,740 Direct Material Pounds Per Unit 4 Total Pounds Needed for Production 42,960 Add Desired Pounds in Ending Materials Inventory v 20,288 Total Materials Required 63,248 Less Beginning Direct Materials (Pounds) 17,184 $

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