Turney Company produces and sells automobile batteries, the heavy duty HD-240. The 2020 sales forecast is as follows Quarter 1 2 HD-240 5.000 7,000 8.000 10,000 3 4 The January 1, 2020, Inventory of HD-240 is 2.000 units Management desires an ending inventory cach quarter equal to 40% of the next quarter's sales Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020 Prepare quarterly production budgets for each quarter and in total for 2020 TURNEY COMPANY Production Budget For the Month December 31, 2020 DeWitt Industries has adopted the following production budget for the first 4 months of 2020. Month January February Units 10,000 8,000 Month March April Units 5,000 4,000 Each unit requires 2 pounds of raw materials costing $3 per pound. On December 31, 2019. the ending raw materials inventory was 4,000 pounds. Management wants to have a raw materials inventory at the end of the month equal to 20% of next month's production requirements. Prepare a direct materials purchases budget by month for the first quarter, DEWITT INDUSTRIES Direct Materials Purchases Budget January February