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 8,600 8,900 7,400 7,900 The company expects to start the first quarter with 1,550 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 1,610 units. In addition, the beginning raw materials inventory for the first quarter is budgeted to be 2,600 pounds and the beginning accounts payable for the first quarter is budgeted to be $13,800. Each unit requires 1 pound of raw material that costs $4.00 per pound. Management desires to end each quarter with an inventory of raw materials equal to 30% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 1,500 pounds. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter. Requirement 1: Prepare the company's production budget for the upcoming fiscal year. (Input all amounts as positive values.) Gaeber Industries Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Budgeted unit sales Add desired ending inventory Total units needed Less beginning inventory Required production Requirement 2: (a) Prepare the company's direct materials budget. (Input all amounts as positive values. Omit the "$" sign in your response.) Gaeber Industries Direct Materials Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter 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 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Accounts payable, beginning balance $ $ $ $ $ 1st Quarter purchases 2nd Quarter purchases 3rd Quarter purchases 4th Quarter purchases Total cash disbursements $ $ $ $ $ for materials