M27000 Production, direct materiale, and direct labor budgets Gerrad Manufacturing has projected sales of its product for the next six months as follow: March April May June 400 140 The finished product requires 3 pounds of raw material and 10 hours of direct labor Gerrad tries to mainsam a Finished Goods ending inventory equal to the next two months of sales and a Raw Material ending inventory equal expected to conform so company poley a. Prepare a production budget for February, March, and April Note: Use a negative sign in your schedule to indicate that an amount is subeaded 400- 300- 330- Apri 28355 of the surrent month's production neets January's beginning inverori h. Prepare a forecast of the unes and cost of raw material that will be required for February March, and Ap. The expected cost per pound of raw material is expe Prepare a direct labor budget (assuming $12 per hour rate for February, March, and Ap ay 12.30 in Merth and 1240 in Apr Fulbruary March 140 April 1126 PM