Need help with #5

James Co. has projected sales of $200,000 in April, $250,000 In May, $300,000 in June and 4. $200,000 in July, James desires an ending finished goods inventory each month equal to 25% of next month's projected sales. If finished goods ending inventory in March was $70,000, prepare a production budget for each of the months of April, May and June. The SALES price for each unit was $10 and the markup on COST was 25 per cent. Based on the information computed in Problem 4, prepare a direct materials budget in DOLLARS for each of the months of April, May and June if beginning direct material in April was 500 5. pounds, 5 pounds of raw material was required for each unit of finished product produced, and an ending inventory equal to 30% of next month's production needs is desired