(CPA, adapted) The Scarborough Corporation manufactures and sells two products: Thingone and Thingtwo. In July 2011, Scarborough’s budget department gathered the following data to prepare budgets for 2012:

2012 Projected Sales

                                                    

2012 Inventories in Units

                                            

The following direct materials are used in the two products:

                                            

Projected data for 2012 with respect to direct materials are as follows:

                                        

Projected direct manufacturing labor requirements and rates for 2012 are as follows:

                                

Manufacturing overhead is allocated at the rate of $20 per direct manufacturing labor-hour.

Required 
Based on the preceding projections and budget requirements for Thingone and Thingtwo, prepare the following budgets for 2012:

1. Revenues budget (in dollars)
2. Production budget (in units)
3. Direct material purchases budget (in quantities)
4. Direct material purchases budget (in dollars)
5. Direct manufacturing labor budget (in dollars)
6. Budgeted finished goods inventory at December 31, 2012 (in dollars)