s 20 to 23 Budgeting - 4 points Russell Company, a manufacturer of plastic containers is attempting to forecast inventory requirements and cash flow for the month of March, 2021. The following information is available 1. Sales are budgeted at $1,500,000 for the month of March; 15,000 units. 2. Inventory plans for the period call for 6,000 finished units plus 50% of the next month's sales requirements in units to be on hand at each month-end. 3. Expected sales of finished units for April, May and June are 14,000 units each month (total 42,000). 4. Actual units of finished goods on hand at February 28 total 13,000 units. 5. Budgeted production costs include: Materials: % kg per unit @ $30.00/kg-$15.00 6. To avoid any shortages, we will try to maintain ending raw materials inventory at a level to meet expected production requirements for the following two months. . [Hint: You must calculate the production for the next two months to get these numbers] The actual inventory of raw materials at Feb 28 is 5,500 kg. Raw materials are paid for in the same month of purchase. K