Production Budgeting Daytona Electric makes and sells two kinds of portable music players—a CD player and an MP3 player. The sales forecasts for these players for the next four quarters are as follows:

At the beginning of the first quarter, Daytona has 140 CD players and 120 MP3 players in stock. Experience has shown that Daytona must maintain an inventory equal to two-thirds of the next quarter’s sales.
How many players of each type must be produced during each of the first three quarters to meet sales and inventory demands?

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First quarter Second quarter Third quarter Fourth quarter Totals CD Player MP3 Player 170 130 178 139 166 127 190 145 704 541