ks) Terry Company has the following budgeted sales in umits for the next six-month period in 2021: Month June July August September October November Sales in units 300 400 700 SOO 600 400 The product's selling price is $300 per unit. There were 100 units of finished goods in inventory at the beginning of June. Plans are to have an inventory of finished products that equal 20% of the sales units 0.5 pound of materials are required for each unit produced. Each pound of materials cost $10. Targete ending inventory for materials are equal to 30% of the needs for the next month. Materials inventories o- June 1 and June 30 were 150 pounds and 69 pounds respectively. equired: Prepare sales budgets for July, August, and September. Prepare production budgets in units for July, August, and September. Prepare direct materials budgets for July, August, and September. List the three important guidelines that should be followed in the budgeting process. (3 mar) (3 ma (11n (3 m