Estimate Production Levels: XiPhi, Inc., has just made its sales forecast for the coming period. The marketing department estimates that the company will sell 480,000 units during the coming year. In the past, management has found that inventories of finished goods should be maintained at approximately three months' sales. The inventory at the start of the budget period is 27,000 units. Sales take place evenly throughout the year.

Required: Estimate the production level required for the coming year to meet these objectives.