1. The company likes to keep ending inventory equal to 10 percent of next quarter's sales. Sales in the first quarter of 2017 are budgeted at 1,080 units. As of January 1, 2016, there were 90 snowboards in the finished goods inventory. Instructions: Prepare a production budget, completing the table provided. Production Budget For the Year Ending December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Year Unit sales Plus desired ending inventory of finished units Total needed Less beginning inventory of finished units Units to be produced 1. The company likes to keep ending inventory equal to 10 percent of next quarter's sales. Sales in the first quarter of 2017 are budgeted at 1,080 units. As of January 1, 2016, there were 90 snowboards in the finished goods inventory. Instructions: Prepare a production budget, completing the table provided. Production Budget For the Year Ending December 31, 2016 First Quarter Second Quarter Third Quarter Fourth Quarter Year Unit sales Plus desired ending inventory of finished units Total needed Less beginning inventory of finished units Units to be produced