Steven Bills company has the following data to prepare the budgets for 2099:

• Planned Sales units: First Quarter 5,000; Second Quarter 5,500; Third Quarter 6,000.
• Targeted Ending Finished Goods Inventory: 20% of the following Quarter's Sales.
• Targeted Ending Raw Material Inventory: 30% of the next Quarter's Production.
• The initial Inventory Balances for Production and Material follow identical percentage relationships.
• Each unit necessitates 2 pounds of material, priced at $5 per pound.

Please respond to the subsequent inquiries by utilizing the information provided above when formulating the Production and Direct Materials budgets:

1. Determine the necessary number of Production Units for Quarter 1.
2. Calculate the required number of Production Units for Quarter 2.
3. Calculate the overall weight of Direct Material Purchases for Quarter 1.
4. Determine the total expenditure on Direct Material Purchases for Quarter 1.

Instructions: Present a comprehensive breakdown of the calculations for each item in a step-by-step manner. Assign number to your and show your work on paper!