3. HLS, Inc projects sales during the first quarter, as follows: January 10,000 units, February 12,000 units and March 15,000 units. Its product sells for $60. All sales are in cash. There were 1,000 units of ending inventory on hand on January 1. Management wishes to have 10% the subsequent month's projected unit sales in inventory at the end of each month. April projected unit sales is 20,000. It takes .25 labor hours to manufacture a unit. Workers are paid $10 per hour. Required: Prepare a Sales Budget, a Production budget, and a Direct Labor budget for the January, February and March. Answer in the space below. SALES BUDGET January February March PRODUCTION BUDGET January February March DIRECT LABOR BUDGET January February March