Macondo Company manufactures and sells a product to fight viruses and bacteria which is a product that is in high demand at the moment. The following information is available regarding operations for 2020, next year, and for the first two quarters of 2021. The company's unique product sells for $ 13.75 per unit. The budgeted sales in units for the next six quarters are as follows: 2020: Q1- 64,500 Q2- 78,300 Q3- 108,100 Q4- 73,100 2021: Q1- 85,400 Q2- 90,500 Eight pounds of raw materials are required to complete a unit of product. The company requires a final inventory of available raw materials at the end of each quarter equivalent to 25% of the production requirements of the following quarter. This requirement was met on December 31, 2019, as the company had 150,000 pounds of raw material on hand to start the new year. The raw material costs $ 0.72 per pound. The company has a policy that requires an ending inventory of available finished units (finished goods) at the end of each quarter equal to 30% of budgeted sales for the next quarter. This requirement was met on December 31, 2019, as the company had 12,500 units available to start the new year.

instruction 1. Prepare a Sales Budget for 2020. 2. Prepare a Production Budget for 2020. 3. Prepare a Direct Material Budget for 2020. All calculations of how you computed the ending inventory must appear , Please use the budget forms included , it can be on computers or answered by hand. Remember to identify each budget.