The sales budget for the first eight months of 2012shows the following projections:Month Units Month Units January 25,000 May 31,400 February 27,000 June 34,500March 32,000 July 36,700April 28,500 August 35,000 Inventory on December 31 of the previous year wasbudgeted at 6,250 units. The desired quantity of finished- goods inventory atthe end of each month in 2012 is to be equal to 25 percent of the next month’sbudgeted unit sales. Each unit of finished product requires three pounds of rawmaterial. The company wants to have 30 percent of next month’s required rawmaterials on hand at the end of each month. A. Prepare a production budget for January through June of 2012. B. Prepare a material purchases budgetfor the same period, assuming that each pound of raw material costs $ 22.