Question 3: The Wilton Company manufactures and sells three products. X, Y and Z. In September, 20A the company budget department gathered the following forecast data for operations of the coming year. Projected sales for fourth quarter Item Quantity Unit price Product x Product y 2000 25 Product z 3000 20 4500 12 Inventories in units Item Product x Product y Product z Product A Product B Product C Beginning 600 500 400 2000 1500 2500 Desired ending 900 400 500 2500 2000 2000 Item Product x Product y Product z Material production requirement for each unit of product Unit of material A Unit of material B Unit of material C 3 2 2 2 2 4 3 3 2 There is no beginning or ending inventory of work in process. Budgeted cost material A, B, C, are 0 1.50, 2 and 1 respectively. Required 10 marks 1. Prepare a sales budget that includes quantities and revenue for each of three products. 2. Prepare a production budget for all three products. 3. Prepare a material usage budget. 4. Prepare a material purchase budget