Soriano Company is preparing its master budget for Relevant data pertaining to its sales, production, and direct materials budgets are as follows:Sales: Sales for the year are expected to total million units. Quarterly sales, as a percentage of total sales, are and respectively. The sales price is expected to be $ per unit for the first three quarters and $ per unit beginning in the fourth quarter. Sales in the first quarter of are expected to be higher than the budgeted sales for the first quarter of Production: Management desires to maintain the ending finished goods inventories at of the next quarters budgeted sales volume.Direct materials: Each unit requires kg of raw materials at a cost of $ per kilogram. Management desires to maintain raw materials inventories at of the next quarters production requirements. Assume the production requirements for the first quarter of are kgPrepare the sales, production, and direct materials budgets by quarters for

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