similar question but the year 2017 change to 2020

QUESTIONI Gagah Bhd. has budgeted the following unit ales January 10,000 February 8,000 March 9,000 April 11,000 May 15.000 The finished goods units as a December 31, 2000, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of RM4 per pound it is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have a policy of maintaining araw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 2.600 pounds of raw materials on hand at December 31 2020 Required: For each month of the first quarter of 213 prepare +) a production budget and b) a direct materials budget TOTAL: 10 MARKSI Continued 020 QUESTION 1 Gagah Bhd. has budgeted the following unit sales: 2021 Units January 10,000 February 8,000 March 9,000 April 11,000 May 15,000 The finished goods units as at December 31, 2020, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of RM4 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 8,640 pounds of raw materials on hand at December 31, 2020 Required: For each month of the first quarter of 2017, prepare: a) a production budget and (4 marks) b) a direct materials budget. (6 marks) [TOTAL: 10 MARKS Continued