Whiting Corp. has the following budgeted sales for the upcoming six months. There were 30,000 units of finished goods in inventory at the beginning of June. The company wants to maintain an ending inventory of finished goods that equal 25 percent of the unit sales for the following month. Five pounds of material are required to produce one unit of finished product. Each pound of material costs $8. Desired ending inventory for materials is 30 percent of the following month's usage. The materials inventory balance at the beginning of June was 15,000 pounds. REQUIRED: (1) Using the attached form, prepare a production budget in units for the months of July, August, and September. (2) Using the attached form, prepare a direct materials purchases budget in units (pounds) and in dollars for the months of July, August, and September. \begin{tabular}{|l|l|c|c|c|} \hline P1) & \multicolumn{3}{c|}{ WHITING CORP. } \\ \multicolumn{3}{|c|}{ FOR MONTHS OFTION BUDGET IN UNITS } \\ \hline & & July & August & September \\ \hline & Budgeted Sales in Units & & & \\ \hline & Add: Desired Ending Finished Goods Inventory & & & \\ \hline & Total Budgeted Units Required & & & \\ \hline & Less: Beginning Finished Goods Inventory & & & \\ \hline & Total Budgeted Production in Units & & & \\ \hline & & & & \\ \hline \end{tabular}