Production and Purchases Budgets At the beginning of October, Comfy Cushions had 2,400 cushions and 14,500 pounds of raw materials on hand. Budgeted sales for the next three months are: October l2,000 cushions November 14,000 cushions' December ' l7,000 cushions Comfy Cushions wants to have sufficient raw materials on hand at the end of each month to meet 25 percent of the following month's production requirements and sufficient cushions on hand at the end of each month to meet 20 percent of the following month's budgeted sales. Five pounds of raw materials, at a standard cost of $0.90 per pound, are required to produce each cushion. Required a, Prepare a production budget for October and November. Do not use a negative sign with your answers. Comfy cushions Production Budget For the Months of October and November October November December Unit Sales Desired ending inventory Finished goods requirements Less beginning inventory Production requirements b. Prepare a purchases budget in units and dollars for October. Do not use a negative sign with your answers. Comfy Cushions Purchases Budget For the Month of October October November Production requirements Desired ending inventory Raw materials requirements Less beginning inventory T Purchase requirements (units) Purchase requirements (in dollars) 3