The VP for Marketing believes that the company can sell 55,000 woofers in 2019 for $68 each The VP for Production estimated that there will be 12,000 woofers in finished goods inventory at the end of 2018, and that in discussion with the marketing department, she would like to have 24,000 woofers in ending finished goods inventory for 2019. The VP for production would also like to have 200,000 pounds in raw materials ending inventory - for 2019. The purchasing department estimates with bulk purchasing he can buy raw material in 2019 for $1.25 per pound. - Using the information above complete the production budget and the raw material budget below Master Budget 2019 1. Sales Budget: Sales (in units) Sales price per unit Sales revenue 55,000 68 3,740,000 2. Production Budget (in units): Sales Add: Desired ending inventory otal units needed Deduct: Beginning inventory 12,000 roduction requirements 3. Raw material budget: Production requirements (in units) Raw material required per unit (pounds) Raw material required for production (pounds) Add: Desired ending raw-material inventory Total raw-material needs Deduct: Beginning raw-material inventory Raw material to be purchased Price (per pound) Total cost of purchases 22.50 160,000