Largo Company is preparing its master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales Sales for the year in units are expected to total: Quarterly sales: Sales price per unit o thist three quarters: Sales price per unit for the fourth quarter Sales in the first quarter of 2018 are expected to be 10% 4,000,000 widgets 15% $25 $28 20% 15% 50% her than the budgeted sales for the irst quarter of 2017 Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. Production. 3 pounds $8 Direct materials. Direct materials per widget: Direct materials cost per pound Production requirements for first quarter of 2018: Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. 200,000 pounds Prepare the sales, production, and direct materials budgets by quarters for 2017. For The Year-Ending 12.31.17 Q1 Q2 Q3 Q4 Year Expected Unit Sales Widgets Selling Price Per Unit $per Widget Total Sales$ Largo Company Production Budget For The Year-Ending 12.31.17 Q2 Q4 Year ( Widgets Desired Sales Desired Ending Inventory FG Widgets Widgets Widgets Widgets Total Needs Beginning Inventory FG Required Production Largo Company Direct Materials Budget For The Year-Ending 12.31.17 02 Q3 04 Year Production Widgets Pounds per Widget Production Needs Pounds Desired Ending Inventory - DM Pounds Total Required Beginning Inventory DMPounds Required Purchases Pounds Pounds Cost per Pound Total Cost of Purchases