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Garver Industries has budgeted the following unit sales: 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 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. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 8,640 pounds of raw materials on hand at December 31, 2019. (a) Z. Your answer has been saved and sent for grading. See Gradebook for score details. For the first quarter of 2020, prepare a production budget. GARVER INDUSTRIES Production Budget For the Quarter Ended March 31, 2020 January February March Total Expected unit sales 10000 8000 9000 Desired ending finished goods units 1600 1800 2200 Total required units 11600 9800 11200 Less: Beginning finished goods units 2000 1600 1800 Required production units 9600 8200 9400 27200 Attempts: 1 of 1 used (b) For the first quarter of 2020, prepare a direct materials budget. GARVER INDUSTRIES Direct Materials Budget For the Quarter Ended March 31, 2020 January February March Total [no answer] [no answer] [no answer] [no answer] [no answer] [no answer]: [no answer] [no answer] [no answer] [no answer] Direct materials purchases Direct materials per unit Desired ending direct materials Total materials required Cost per pound Total pounds needed for production Beginning direct materials Units to be produced Total cost of direct materials purchases

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