3. Coliseum Company has budgeted the following unit sales: Units 60,000 50,000 Quarter Qtr. 2, 2007 Qtr. 3, 2007 Qtr. 4, 2007 80,000 The finished goods inventory on hand on December 31, 2007, was 6,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 10% of the next quarter's anticipated sales Instructions Prepare a production budget for the second quarter of 2008