Pina Company's sales budget projects unit sales of part 1987 of 10,700 units in January, 12,200 units in February, and 13,000 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound. Pina Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2016. Your answer is correct. Prepare a production budget for January and February 2017 PINA COMPANY Production Budget For the Two Months Ending February 28, 2017 January February Expected Unit Sales 10700 12200 1: Desired Ending Finished Goods Inventory 2440 2600 Total Required Units 13140 14800 Less : Beginning Finished Goods Inventory 2140 -2440 Required Production Units 11000 11000 0 12360 Prepare a direct materials budget for January 2017. PINA COMPANY Direct Materials Budget January A A