The marketing department of Gaeber Industries has submitted the following sales forecast for the upcoming fiscal year: 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 9,000 7,200 6,500 7,500 The company expects to start the first quarter with 2,100 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,660 units. In addition, the beginning raw materials inventory for the first quarter is budgeted to be 1,700 pounds and the beginning accounts payable for the first quarter is budgeted to be $14,900. Each unit requires 2 pounds of raw material that costs $2.00 per pound. Management desires to end each quarter with an inventory of raw materials equal to 30% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 2,900 pounds. Management plans to pay for 50% of raw material purchases in the quarter acquired and 50% in the following quarter.

Requirement 1:

Prepare the company's production budget for the upcoming fiscal year.(Input all amounts as positive values.)

Gaeber Industries Production Budget
	1stQuarter	2ndQuarter	3rdQuarter	4thQuarter	Year
Budgeted unit sales
Add desired ending inventory
Total units needed
Less beginning inventory
Required production

Requirement 2:
(a)	Prepare the company's direct materials budget.(Input all amounts as positive values. Omit the "$" sign in your response.)

Gaeber Industries Direct Materials Budget
	1stQuarter	2ndQuarter	3rdQuarter	4thQuarter	Year
Production needs
Add desired ending inventory
Total needs
Less beginning inventory
Raw materials to be purchased
Cost of raw materials to be purchased	$	$	$	$	$

(b)	Prepare the schedule of expected cash disbursements for purchases of materials for the upcoming fiscal year.(Round your answers to the nearest whole dollar amount. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)

Gaeber Industries Schedule of Expected Cash Disbursements for Materials
	1stQuarter	2ndQuarter	3rdQuarter	4thQuarter	Year
Accounts payable, beginning balance	$	$	$	$	$
1stQuarter purchases
2ndQuarter purchases
3rdQuarterpurchases
4thQuarter purchases
Total cash disbursements for materials	$	$	$	$	$