The materials standard indicates that each tire will need 3 pounds of rubber at a cost of $2.50 per pound. For 2019, Raw Materials Inventory is expected to be 20% of next quarter's Raw Materials requirements. Raw Materials Inventory on 12/31/2018 is expected to be 1200 pounds of rubber. C. Part I. Module 10. Operating Budgets Operating Budgets. Complete the selected components of Bob's Tires master budget for 2019. Each section may rely on information calculated in previous sections Bob's Tires expects to sell 2,000 tires in the first quarter, 2,500 tires in the second quarter, and 2,800 tires in the third quarter of 2019. The sales price per tire is $80.00. Prepare the sales budget for the first two quarters in the space below. A. sccond qurte 2.500 first quouter total 4,500 ro Bodoeted tires to be 2,000 Solcl O.CO Sales price per tire o.oo otal sales 140,000 200,000 3CO,00 Finished Goods Inventory on 12/31/2018 is expected to be 800 tires. Throughout 2019, the desired Ending Inventory at the end of each quarter is 40% of next quarter's sales. Prepare the production budgetfor the first two quarters in the template below. B. first quare second quorte 1.s00 total 4,500 2,120 C,10 SOO Budoctcdl tres to ve ,000 2,500 1,120 3,10 Sold Ptos: desired tires in (401) Cnding inv 1.600 nding in totol tires needed 3,000 Cess beq in Budgeted tires to 1,000 ind. 2200 2,G26 5. 810 picduce