Asheville Company is preparing its master budget for 2017. Relevant data pertaining to its sales and production budgets are as follows.

Sales. Sales for the year are expected to total 2,100,000 units. Quarterly sales, as a percentage of total sales, are 15%, 25%, 35%, and 25%, respectively. The sales price is expected to be $70 per unit for the first three quarters and $75 per unit beginning in the fourth quarter. Sales in the first quarter of 2018 are expected to be 10% higher than the budgeted sales volume for the first quarter of 2017.

Production. Management desires to maintain ending finished goods inventories at 20% of the next quarter’s budgeted sales volume.

Instructions 

Prepare the sales budget and production budget by quarters for 2017.