Galvin Production is beginning the budgeting process for 2003.The sales forecast for the first three months of 2003 in units is:
January............................10,000
February...........................12,000
March............................ 13,000
The company desires to have 10% of the next month's anticipated sales in inventory at the end of a month. December's ending inventory reflects this policy. April's sales are budgeted at 15,000 units. Prepare a production budget for January, February, and March, 2003.