The marketing department of Gaeber Industries has submitted the following sales forecast for the upcoming fiscal year: Budgeted sales (units) 1st Quarter 8,000 2nd Quarter 6,900 3rd Quarter Quarter 6,000 7,100 4th The company expects to start the first quarter with 1,600 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 1,840 units. In addition, the beginning raw materials inventory for the first quarter is budgeted to be 4,520 kilograms and the beginning accounts payable for the first quarter are budgeted to be $16,220. Each unit requires two kilograms of raw material that costs $8 per kilogram. Management desires to end each quarter with an inventory of raw materials equal to 20% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3,280 kilograms. Management plans to pay for 65% of raw material purchases in the quarter acquired and 35% in the following quarter. Required: 1. Prepare the company's production budget for the upcoming fiscal year. GAEBER INDUSTRIES Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year Required: 1. Prepare the company's production budget for the upcoming fiscal year. Total units needed GAEBER INDUSTRIES Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 2-a. Prepare the company's direct materials budget. Total needs (kilograms) GAEBER INDUSTRIES Direct Materials Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year GAEBER INDUSTRIES Schedule of Expected Cash Disbursements for Materials Accounts payable, beginning balance 1st Quarter purchase 2nd Quarter purchase 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 3rd Quarter purchase 4th Quarter purchase Total cash disbursements for materials $ 0 $ 0 $ 0 $ 0 $ 0