QUESTION 1 The following information relate to SAS Company 1. Estimated sales are 2,500 units at price of 58 each unit. 2. SAS would like to keep an ending inventory of 500 units. The beginning Inventory is 1,000 units 3. To produce one unit, the company needs to spend 3 hours of direct labor. The wage rate per hour is $4. 4. To produce one unit, the production department needs to use 4 kilo grams of direct material "Z". The purchasing price is $5 per kilo gram. Required: prepare the following: 1. Sales budget 2. Production Budget 3. Wages Budget 4. Raw Material Purchasing Budget