Question 2 Flyer Company is budgeting for the second quarter. The following information has been collected for the preparation of various budgets: a. Estimated sales for the next 6 months are as follows (in units): April 38,000 July May 86,000 August June 55,000 September The selling price of each unit is $13. 28,000 14,500 15,000 b. Sales for March totaled $455,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales. d. Each finished unit requires 4 pounds of material. The company requires that the ending inventory of raw material be equal to 50% of the following month's production needs. Required: 1. Calculate the budgeted number of finished units that need to be produced in April, May, June, and July. 2. Calculate the budgeted pounds of raw material to be purchased by month and in total, for the second quarter. Complete this question by entering your answers in the tabs below. Req 1 Req 2 Calculate the budgeted number of units to be produced in April, May, June and July. April May June July Required production in units Flyer Company is budgeting for the second quarter. The following information has been collected for the preparation of various budgets: a. Estimated sales for the next 6 months are as follows (in units): April May June 38,000 July 86,000 August 55,000 September 28,000 14,500 15,000 The selling price of each unit is $13. b. Sales for March totaled $455,000. c. The company maintains finished goods inventories equal to 15% of the following month's sales. d. Each finished unit requires 4 pounds of material. The company requires that the ending inventory of raw material be equal to 50% of the following month's production needs. Required: 1. Calculate the budgeted number of finished units that need to be produced in April, May, June, and July. 2. Calculate the budgeted pounds of raw material to be purchased by month and in total, for the second quarter. Complete this question by entering your answers in the tabs below. Reg 1 Reg 2 Calculate the pounds of raw material that need to be purchased by month and in total, for the second quarter. April May June Quarter Total pounds of raw material to be purchased