Karam Inc. has compiled the following data in order to put together its first quarter operating budget for 20XX: January February March April Sales (units) 35,000 31,000 38,000 29,000 Each unit requires three hours of direct labor. Additional information: Karam sells each unit for $95. Company policy is to have 30 percent of next month's sales (in units) in ending finished goods inventory. This policy was met in December. Company policy is to have 40 percent of next month's production needs in ending raw materials inventory. The production needs for April are 95,500. This policy was met in December. It takes three pounds of material to produce each unit and the cost is $2.75/pound. Required: A. Prepare a sales budget for the January, February and March and for the first quarter in total. Karam Inc. Sales Budget For the Quarter Ended March 31, 20XX January February March Total Sales in units Unit selling price