2. Chapter 8 Production Budget Budgeted Sales: January = 40,000 units, February = 50,000 units Beginning units in January Inventory equals 3,000. Company policy is to have 30 percent of the following month's sales (units) in the ending inventory each month. Prepare a production budget for the month of January Submit solution for #1 and #2 above in the box in Canvas or submit in a Word or excel file in Canvas. No other types of submissions allowed. One submission limit. inventory during Year 4? EXERCISE 6-4 Basic Segmented Income Statement (L06-4) Royal Lawncare Company produces and sells two packaged products, Weedban and Greengrow. Revenue and cost information relating to the products follow: Product Weedban Greengrow Selling price per unit $6.00 $7.50 Variable expenses per unit $2.40 $5.25 Traceable fixed expenses per year $45,000 $21,000 Common fixed expenses in the company total $33,000 annually. Last year the company produced and sold 15,000 units of Weedban and 28,000 units of Greengrow. Required: Prepare a contribution format income statement segmented by product lines