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need ans as soon as possible plaese You are the manager of the production plant for ABC company. The company prepares master budgets based on

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You are the manager of the production plant for ABC company. The company prepares master budgets based on the following: - Beginning raw materials inventory for first quarter is budgeted to be 4,920 kilograms. - Each production unit requires two kilograms of raw material. - Desired ending inventory equals 20% of the following quarter's production needs. - Desired ending inventory for the fourth quarter is 3,320 kilograms. - Sales and production in units are estimated as follows: The new Analyst has prepared the direct material budget for your review. For the direct material budget presented below, identify at least two errors and provide an explanation of each error and the correction needed (calculations for the \begin{tabular}{|l|r|r|r|r|r|} \hline needed & 6,680 & 5,880 & 4,680 & 1,420 & 1,420 \\ \hline Add: & & & & & \\ \hline Beginning inventory & 4,920 & 6,680 & 5,880 & 4,680 & 4,920 \\ \hline RM to be purchased (kilograms) & 11,600 & 12,560 & 10,560 & 6,100 & 40,820 \\ \hline \end{tabular}

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