Use the following information to answer the next 6 questions; The budgeted Selling Price in all months is $15 per unit. According to company policy, the ending: Finished Goods for each month should be 100 units plus 10% of the next month's sales (in units). The company also has a policy that the ending Materials Inventory for esch month should be 4k of the next month's production needs (in ounces). It takes 5 ounces of material to produce each unit and price of each ounce of direct material is $.50. In all months, the absorption cost of each unit is $8.90. Based on past experience, 40% of the company's sales are cash sales. Of the credit sales, 70% are collected in the same calendar month as the sale, 20% are collected in the first calendar month after the sale, and the last 10% are collected in the second calendar month after the sale. 34. Compute the budgeted beginning Finished Goods for February. a) 140 units b) 220 units c) 240 units d) 250 units e) None of the Above4 35. Compute the budgeted ending Finished Goods for June. a) 280 units b) 290 units c) 860 units d) 870 units e) None of the Above 36. Compute the budgeted production (in units) for March. a) 1,470 units b) 1,480 units c) 1,520 units d) 1,530 units e) None of the Above 37. Assume that budgeted production is 2,050 units for May, 1,850 units for June, and 1,950 units for July. Compute the budgeted materials purchases (in ounces) for June. a) 9,190 ounces b) 9,230 ounces c) 9,270 ounces d) 9,310 ounces e) None of the Above 38. Refer to the assumption in the previous question as needed. Compute the budgeted cost of Goods Manufactured for June using Absorption Costing. a) $16,465 b) $16,910 c) $17,355 d) $82,147 e) None of the Above