2. Production budget - The management at Royal Company wants ending inventory to be equal to 7 loss of the following month's au dreted salosin unis: * On March 31 1, 4,000 units were an hand. Budgeted sales in units (From H1) Budgeted ending Inventory (desired) Add: monthly sales in units Desired total units Lesst beginaing inventory. (ending imventory of prior month) Desired total production Total production + beginning inventory = Total unlts available for sale = Sales in units + ending inventory, Capter \& Master Buiffetine objectlae 1: What is budgeting? Objectiee 2i Prepare various buifgets to plani for the business