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3. Campbell Foods produces specialty soup sold in jars. The projected sales for each quarter of the upcoming year are as follows: Number of jars
3. Campbell Foods produces specialty soup sold in jars. The projected sales for each quarter of the upcoming year are as follows: Number of jars 1" quarter 134,500 2 quarter 176,800 3 quarter 224,000 175,500 4" quarter Campbell anticipates selling 228,000 jars with total sales revenue of $260,000 in the first quarter of the year following the year given in the preceding table. Campbell has a policy that the ending inventory of jars must be 25% of the following quarter's sales. Required: Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. (25 pts)
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