Use the following information to determine how many units of finished product the company should produce in June, July and August: Sales forecast June 30,000 July 40,000 August 50,000 September 42,000 The company maintains an inventory of finished goods equal to 20% of the following month's sales needs. The company will have 4,000 units of finished goods in inventory on May 31. OA) 34,000 42.000 48,400 B) 26,000 38.000 51.600 C) 34,000 46,000 54,400 D) 38,000 50,000 58.400 Which of the following is the best description of the order in which the following steps in the budgeting process proceeds? O A) Sales forecast, pro forma financial statements, production budget, materials purchases budget, overhead budget B) Production budget, materials purchase budget, overhead budget, schedule of cash payments, pro forma financial statements C) Sales forecast, budgeted income statement, cash budget, production budget, labor budget D) Production budget, overhead budget, materials purchase budget, cash budget, sales forecast