The Viking Company is preparing budgets for the second quarter ending June 30. Last year's sales for the corresponding period were: March 15,000 units April 18,000 units May 28,000 units June 26,000 units July 19,000 units August 12,000 units The company expects this year's sales to increase by 25%. The selling price is $13 per unit. Prepare a Sales Budget for the Vikings. 2. The company desires to have finished inventory on hand at the end of each month equal to 30 percent of the following month's budgeted unit sales. On March 31, there were 3,000 units on hand. Prepare a Production budget. 3. Five pounds of material are required per unit of product. Management desires to have materials on hand at the end of each month equal to 10 percent of the following month's production needs. This policy was met on March 31st. The material costs $0.60 per lb. Prepare a Materials Purchases budget.