1 2 points Exercise 8-2 (Algo) Production Budget (LO8-3] Down Under Products, Limited, of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April 78,000 eBook Pant Defences May June July 15,000 118,000) 94,000 1 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 20% of the following month's unit sales. The inventory at the end of March was 15,600 units Required: Prepare a production budget by month and in total, for the second quarter Budgeted unit sales Total needs Required production in units Down Under Products, Limited, Production Budget April May June Quarter