submission will be PENALIZED by deducting marks, Question 1. James Company is preparing budgets for the Third quarter of 2019. All relevant information is presented below. A. James Company expects sales as shown below: dested Sales 36,000 Seper C November The sales price is $32 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units A Prepare a sales budget for the third quarter, in total, October by month. B. James Company is preparing a production budget for the third quarter. Ending inventory level must equal 15% of the next month's sales. 3. Prepare a production budget for the third quarter, in total, October and November by month. Jul A pimento Next Month Budget Sale Plus de sallesi Total Lis Needed Hedged units to be Produced C. James Company uses 3 pounds of direct materials for each unit it produces, at a cost of S6 per pound. Management desires an ending inventory of 15% of next month's materials needed for production. The company ends with 24320 pounds of material in Raw Materials Inventory in October c Prepare a Direct Materials Budget for the third quarter, in total and October by month. w eedeed Material was needed for rus d etending marriawns wed