Hello,

Can someone please help me with this question and also add in the steps and formulas?

Thank you so much, greatly appreciated :)

Fuqua Company's sales budget projects unit sales of part 198Z of 10,300 units in January, 12,600 units in February, and 13,800 units in March. Each unit of part 198Z requires 3 pounds of materials, which cost $4 per pound. Fuqua Company desires its ending raw materials inventory to equal 40% of the next month's production requirements, and its ending finished goods inventory to equal 20% of the next month's expected unit sales. These goals were met at December 31, 2019. (a) Prepare a production budget for January and February 2020. Prepare a production budget for January and February 2020. Direct Materials Budget For the Month Ending January 31, 2020 January Units To Be Produced Direct Material Pounds Per Unit Total Pounds Needed for Production Total Materials Required Direct Materials Purchases Cost Per Pound Total Cost of Direct Materials Purchases