Prepare a direct materials budget for January 2017. FUQUA COMPANY Direct Materials Budget For the Month Ending January 31, 2017 January 10,600 Required Production Units Expected Unit Sales Total Pounds Needed for Production Direct Material Pounds Per Unit Units To Be Produced Direct Materials Purchases Required Production Units Cost Per Pound Desired Ending Finished Goods Inventory Beginning Finished Goods Inventory Desired Pounds in Ending Materials Inventory Total Cost of Direct Materials Purchases Total Materials Required Total Required Units Beginning Direct Materials 31,800 ventory 15,384 47,184 -12,720 34,464 Cost Per Pound Total Cost of Direct Materials Purchases 137,856 Click if you would like to Show Work for this question: Open Show Work Exercise 21-8 Fuqua Company's sales budget projects unit sales of part 1982 of 10,100 units in January, 12,600 units in February, and 13,700 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound. Fuqua 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. FUQUA COHPANY Production Budget For the Two Months Ending February 28, 2017 Jaary February Expected Unit Sales 10,100 12,600 Add Desired Ending Finished Goods Inventory- 2,520 2,740 Total Required Units 12,620 15,340 -2,020 Less Beginning Finished Goods tnventory 2.520 12820 Required Production Units 10,600 SHOW SOLITION LINK TO BEN WEO APLIED SKLLs Activate Windows Show all coor 323 PM