28. Betz Company's sales budget shows the following projections for next year: Sales in units 60,000 First Quarter Second Quarter.. 80,000 Third Quarter Fourth Quarter.. 55,000 45,000 Inventory at the beginning of the year was 18,000 units. The finished goods inventory at the end of each quarter is to equal 30% of the next quarter's budgeted unit sales. How many units should be produced during the first quarter? A) 24,000 B) 48,000 C) 66,000 D) 72,000 29. Francis Manufacturing Company is currently preparing its cash budget for next month and has gathered the following information: Expected cash receipts Expected disbursements: ...$39,400 Direct materials Direct labor Manufacturing overhead $12,000 $9,000 $11,500 Selling and administrative expense...$2,000 The beginning cash balance will be $6,000 and the company requires a minimum cash balance at the end of the month of $5,000. How much will Francis Manufacturing need to borrow to meet its cash needs for the month? A) $9,100 B) $14,100 C) $20,100 D) None of the above. Page 8 of 10