Lily Inc. is preparing its annual budgets for the year ending December 31, 2022. Accounting assistants furnish the data shown below. Product JB 50 Product JB 60 Sales budget: Anticipated volume in units 440,000 Unit selling price $30 Production budget: Desired ending finished goods units 33,000 Beginning finished goods units 27,500 Direct materials budget: Direct materials per unit (pounds) 2 Desired ending direct materials pounds 33,000 Beginning direct materials pounds 44,000 Cost per pound $3 Direct labor budget: Direct labor time per unit 04 Direct labor rate per hour $12 $35 Budgeted income statement: Total unit cost $13 $20 An accounting assistant has prepared the detailed manufacturing overhead budget and the selling and administrative expense budget. The latter shows selling expenses of $616,000 for product JB 50 and $396.000 for product JB 60, and administrative expenses of $594,000 for product JB 50 and $374 000 for product JB 60, Interest expense is $150,000 (not allocated to products). Income taxes are expected to be 20% (a) Prepare the sales budget for the year. $ JB 50 eTextbook and Media Save for Later Last saved 1 second ago. Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes LILY INC. Sales Budget JB 60 Total Attempts: 0 of 3 used Submit Answer (b) The parts of this question must be completed in order. This part will be available when you complete the part above. (c) The parts of this question must be completed in order. This part will be available when you complete the part above