The Bear Corporation will begin business operations on January 1, 2015. Below is the anticipated SALES BUDGET (in units):

Jan. 30,000 Feb. 30,000 Mar. 60,000 Apr. 20,000 May 70,000

a. 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. c: Labor cost is $10 per unit produced. d. Ending raw material inventory should be equal to 20% of next month's material requirement. e. Factory overhead is $18,000 per month of which $8,000 is for depreciation. f. All costs are paid in the month incurred except for purchases which is paid in the following month. g. The selling price per unit is $100.

REQUIRED: Using Excel:

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).

If possible please show work