The marketing department has estimated sales as follows for the remainder of the year: (Actual sales in June were 4,000 units) Production Budget The company maintains a finished goods inventory equal to 20% of the following month's sales. Tha inventarir af finiehad mond mi 1.1 . 1 in an it ahmid han Raw Materials Purchasing Budget Each unit of SUPER DUPER widget requires 5 pounds of WHAM compound. To prevent shortages, the company would like the inventory of WHAM compound on hand at the end of each month to equal 30% of the following month's production needs. The inventory on July 1 is 14,100 pounds. WHAM compound costs 50.70 per pound and Vaughan pays for 40% of its purchases in the month of purchase; the remainder is paid in the following month. $38,080 of WHAM compound was purchased in June and 40% was paid for in June