Please solve it and submit it ASAP, Thumbs up confirmed.

3. Prior Corp. produces chairs. It requires 5 feet of wood per chair. Sales are estimated to be 2020 Units Jan. 10,000 units Feb. 12,000 March 14,000 April 8,000 Chairs on hand at December 31, 2019 were 900 chairs. The corporation wants to maintain an inventory of 10% of the following months' sales in its ending inventory. Prior Corp. had an inventory of wood at December 31, 2019 of 5,000 feet, and it desires to maintain ending inventories of 5% of the following months production needs. Required: Prepare a materials budget for January and February