Lily Company's sales budget projects unit sales of part 1987 of 8,400 units in January, 10,000 units in February, and 11,000 units in March. Each unit of part 1987 requires 4 pounds of materials, which cost $2 per pound. Lily 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, 2021. Prepare a production budget for January and February 2022 LILY COMPANY Production Budget eTextbook and Media January February LILY COMPANY Direct Materials Budget January