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The Bear Corporation will begin business operations on January 1, 2021. Below is the anticipated SALES BUDGET (in units): 45 Jan. Feb. Mar. Apr. May

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The Bear Corporation will begin business operations on January 1, 2021. Below is the anticipated SALES BUDGET (in units): 45 Jan. Feb. Mar. Apr. May 0,000 2 30,000 5 70,000 | 0,000 30,000 1. Toscanplete SWEATS the third fourth, fiftrand sixth digits of your Rite blanks. If any of these digits contains a "0" use instead. Example: If student IT number: 938977. The sales forecast would be: 10,000 January February March April SAATAT STUOTZ a. ADDITIONAL INFORMATION Ending finished goods inventory should be equal to 10% of next month's sales projection. b. Each unit requires 3 pounds of material at a raw material cost of $5 per pound. Labor cost is $10 per unit produced. d. Ending raw material inventory should be equal to 20% of next month's material requirement. C: e. Factory overhead is $18,000 per month of which $8,000 is for depreciation. g. f. All costs are paid in the month incurred except for purchases which is paid in the following month. The selling price per unit is $100. REQUIRED: Using Excel, in good form: Prepare a SALES BUDGET for the first quarter (January through March). Prepare a PRODUCTION BUDGET for the first quarter (January through March). Prepare a Raw Materials PURCHASES BUDGET for the first quarter (Jan. through Mar.) Prepare a CASH DISBURSEMENTS budget for the first quarter (January through March)

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