Problem 1: Production Budget Robles Industries has budgeted the following unit sales: The finished goods units on hand on December 31, 201, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 8,640 pounds of raw materials on hand at December 31,201. Instructions For the first quarter of 202, prepare (1) a production budget