Sunland Company has 4,500 pounds of raw materials in its December 31, 2019, ending inventory. Required production forJanuary and February of 2020 are 4,500 and 5,700 units, respectively. 5 pounds of raw materials are needed for each unit, and the estimated cost per pound is $8. Management desires an ending inventory equal to 20% of next month's materials requirements. Prepare the direct materials budget for January. SUNLAND COMPANY Direct Materials Budget Current Attempt in Progress Wildhorse Company has completed all of its operating budgets. The sales budget for the year shows 50,120 units and total sales of $2,128,200. The total unit cost of making one unit of sales is $22. Selling and administrative expenses are expected to be $305,100. Interest is estimated to be $13,050. Income taxes are estimated to be $216,000. Prepare a budgeted multiple-step income statement for the year ending December 31, 2020. WILDHORSE COMPANY Budgeted Income Statement V $