1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Budgeted unit sales 15,000 10,000 20,000 25,000 1. The following are the sales forecast of Laila Corporation for the upcoming fiscal year: The company is selling its products for $3 per unit. Past experience has shown that the ending inventory for each quarter is equal to 10% of the next quarter's sales in units. The company expect to start the first quarter with 4,000 units. The desired ending finished goods inventory at the end of 4th quarter is 6,000 units. Required: [10 Marks] a. Prepare the company's sales budget for the year (2 marks) b. Prepare a production budget showing the number of units to be produced each quarter and for the year in total (8 marks)