Problem 13, Chapter 9, Master Budget, Raw Material Purchases Budget (20 points) Each unit sells for $250 Forecasted Sales (in units) Each unit requires 6 pounds of Raw Material Each unit requires 4.5 hours of Direct Labor Each unit requires 2.5 hours of machine time Each pound of material costs $8 Your desired Ending Inventory in units every month for Finished Goods is 15% of next month's sales Your desired Ending Inventory in pounds every month for Raw Material is 20% of next month's usage Beginning Inventory of Finished Goods on January 1 " was 2,100 units Beginning Inventory of Raw Material on January 1st was 16,620 pounds. Prepare a Production Budget for January, February, March, April ( 8 points) Using your answer from the Production Budget, prepare a Raw Material Purchases Budget for January, February and March (12 points)