: 01:58 PM / Remaining: 45 min CALCULATOR PRINTER VERSION NEXT 2020 January February March April May Units 10,000 8,000 9,000 11,000 15,000 The finished goods units on hand on December 31, 2019, was 2,000 units. Each unit requires 3 pounds of raw materials that are estimated to cost an average of $4 per pound. 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. They also have a policy of maintaining a raw materials inventory at the end of each month equal to 30% of the pounds needed for the following month's production. There were 8,640 pounds of raw materials on hand at December 31, 2019. ZYour answer has been saved and sent for grading. See Gradebook for score details. For the first quarter of 2020, prepare a production budget. GARVER INDUSTRIES Production Budget For the Quarter Ended March 31, 2020 January February 10000 8000 1800 Expected unit sales March 9000 2200 11200 1800 Desired ending finished goods unit 11600 Total required units 9800 1600 2000 Less ). Beginning finished goods units 27200 9400 9600 5200 Required production units Open Show Work Che W you would like to show Work for this