ologia Es... (2) Procedimiento... (2) Modulo 3 - Yo... (2) Tcnicas Mod. YouTube 2. (12 points) A sales budget is given below for one of the products manufactured by the Locke Co.: Sales Budget in Units January February 28,000 46,000 March 66,000 54,000 April May June 42,000 36,000 The inventory of finished goods at the end of each month must equal 25% of the next month's sales. On December 31, the finished goods inventory totaled 5,600 units. Each unit of product requires four specialized electrical switches. The company has a policy of maintaining an ending inventory at the end of each month equal to 20% of the next month's production needs. This requirement had been met on January 1 of the current year. Each switch costs $4.75. Required: Prepare a budget showing the cost of switches to be purchased each month for January, February, and March and in total for the quarter. (Note: both a production budget and direct materials budget will need to be prepared.)