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The Lucy V . Company, has budgeted sales in units for the next five months as follows:JuneJuly 8 , 2 0 0 units 6 ,

The Lucy V. Company, has budgeted sales in units for the next five months as follows:JuneJuly8,200 units6,300 unitsAugust4,700 unitsSeptember 3,600 unitsOctober4000 unitsPast experience has shown that the ending inventory in units for each month should be equal to 20% of the next month's sales in units. The company needs to prepare a production budget. Each unit of product requires three pounds of specialized material. Since the production of this specialized material is sometimes irregular, the company has a policy of maintaining an ending inventory of raw material at the end of each month equal to 30% of the next month's production needs. The company must also plan for the needed resources to purchase the inventory. Each pound of material costs an average of $1.50.Required: Prepare a budget showing all the required production in units, pounds, and cash for the month of September. BOX OFF THE THREE FINAL ANSWERS

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