Pargo Company is preparing its master budget for 2020 . Relevant data pertaining to its sales, production, and direct materials budgets are as follows. to be 10% higher than the budgeted sales for the first quarter of 2020 . Production. Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. Prepare the sales, production, and direct materials budgets by quarters for 2020