1. Lucy Company estimates that sales (units) will be 12,000 in quarter 1; 14,500 in quarter 2; 16,000 in quarter 3; and 19,000 in quarter 4. The selling price is expected to be $60 per unit. Prepare a sales budget for quarters 1-4 for the year ending December 2021. Est. Sales (units) X Est. Price Total Q1 Q2 22 Q3 Q4 Total II. Estimated sales are given in #1 above. Management requires an ending inventory (finished goods) equal to 8% of next quarter's expected unit sales. Prepare a production budget for the first 3 quarters of 2021 Exp. Unit Sales + Desired End. FG Q1 Q2 Q3 Total Units Available - Beg. FG* Required Units to Produce Equal to 8% of Quarter 1's expected unit sales (or previous quarter's ending FG balance) Q4 Total