Concord Industries has budgeted the following unit sales: 2022 Units January 10,500 February 8,000 March 9,000 April 12,000 May 15,000 The finished goods units on hand on December 31, 2021 was 2,100 units. Each unit of finished goods requires 3 pounds of direct materials that are estimated to cost an average of $5 per pound. It is the company's policy to maintain a finished goods inventory at the end of each month equal to 20% of next month's anticipated sales. The company also has a policy of maintaining a direct materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 9,000 pounds of direct materials on hand at December 31, 2021. (a) Your answer has been saved. See score details after the due date. For the first quarter of 2022, prepare a production budget. For the first quarter of 2022, prepare a production budget. CONCORDINDUSTRIES Production Budget For the Quarter Ended March 31, 2022 January February Expected unit sales 10500 8000 Desired ending finished goods inventory 1600 1800 Total required finished goods units 12100 9800 Less : Beginning finished goods inventory 2100 1600 Required production of finished goods units 10000 8200 Attempts: 1 of 1 used CONCORDINDUSTRIES Direct Materials Budget January February Ma $ $ $ $ $ $