#4 Problem - Production and Direct Material Budget Complete the direct materials and production budgets for the first quarter of the year. Each correct answer is worth_1.5 point(s). Productior Budget First Quarter February March January Total April Expected Unit Sales 10,000 8,000 9,000 11,000 + Desired ending finished 1. 2. 3. Total Required 4- 5. 6. Less. Beg. finished goods 7. 8. 9. 2,200 = Required production units 10 11. 12. 13. 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 finished goods units on hand on December 31, 2016, was 2,000 units