The following

l. The following is the sales forecast of Mum; Corporation which makes and sells a product called a Minitab for the upcoming scal year: _-- Budgeted unit sales 23,000 15,000 10,000 25,000 Whas shown that the ending inventory for each quarter is equal to 10% of the next quarter's sales in units. The company expect to start the first quarter with 4,000 units. The desired ending nished goods inventory at the end of 4th Quarter is 3,000 units. One Minitab requires 3.5 kilograms of the raw material 10115190- The company wants to maintain monthly ending inventories of mm equal to 20% of the following month's production needs. The beginning inventory of M51931 on hand is 6,900 kilograms and the desire ending 13415131911 for the 4th Quarter is 4.500 kilograms. The cost of 1141115195 is $2.00 per kilogram. Required: a. Prepare a production budget for the year showing number of units to 1232mm each quarter and for the year in total. _ _ b. Prepare direct materials budget by quarter and for the year in total. At the bottom of your budget, show the dollar amount of purchases for each quarter and for the year in total