Partial Master Budget Rhett Corporation manufactures and sells dress shirts. Rhett Corporation will use the following information to prepare its master budget for the first quarter of the year: Rhett Corporation budgeted sales in units: April: 25,000 units May: 33,000 units June: 27,000 units July: 21,000 units Selling price: $22 per shirt Information for the Production Budget: Ending finished goods inventory at March 31st: 3,750 shirts Desired ending inventory of shirts: 15% of the next month's sales Information for the Direct Materials Budget: Each shirt (unit) requires: 3 yards of cloth Ending Inventory of cloth in yards at March 31st: 7,860 yards Desired ending inventory of cloth in yards: 10% of the next month's production needs Materials needed for production for July: 65,250 yards Cloth costs: $2 per yard Required: Using the above information, enter the totals for the sales, production and materials budgets below. For the numbers listed with a "?". please calculate those using a piece of scratch paper. Your amounts should be WHOLE NUMBERS ONLY. NO COMMAS, NO DECIMALS, NO DOLLAR SIGNS or other characters. Sales Budget: Budgeted sales in units Budgeted sales in dollars @ $22 per shirt Production April April 25,000 EA May May 33,000 EA June June 27,000 Budget: Sales budget in 25,000 33,000 27,000 units Add: Desired ending ? ? ? inventory (units) Required units of ? ? ? available production Less: Beginning ? ? ? inventory Units to be produced $ Materials Budget: April May Production budget ? - from above ? - from above (units) Materials per unit needed for production (in yards) Total materials needed for production (in yards) Add: Desired ending inventory (in yards) Total June ? - from above 3 3 3 ? ? ? ? ? ? materials ? ? ? needed (in yards) Less: Beginning ? ? ? inventory in yards Materials Purchases in Yards Total materials needed (in yards) Less: Beginning inventory in yards Materials Purchases in Yards Cloth costs per yard Materials Purchases in Dollars ? 3. ? ? ? ? ? ? ? ? 2 $2 $2 $2 + LA $