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3] Using Excel to Prepare a Production Budget Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use mathematical

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3] Using Excel to Prepare a Production Budget Student Work Area PROBLEM Required: Provide input into cells shaded in yellow in this template. Use mathematical Paige Company estimates that following unit sales and formulas with cell references to the Problem area or this work area as indicated. Use the SUM desired inventory level for the four quarters of the year ending function with cell referencing for totals. December 31, 2022. _|:.I Quarter 1 sales 10,000 Paige Company Quarter 2 sales 14,000 Production Budget Quarter 3 sales 15,000 For the Six Months Ending June 30, 2022 Quarter 4 sales 18,000 Quarter 1 Quarter 2 Six Months Desired ending finished goods inventory Expected unit sales 10,000 14,000 based on next quarter's expected unit sales 25% Unit selling price $70.00 Add: [Desired ending finished goods units 3 3,360 | 3,600 Prepare a production budget by quarters for the first 6 months Total required units 3 13,360 | 17,600 | 3 of 2022 Less] Beginning finished goods units 3 2.400' 3.360' Required production units N 10,960 | 14,240 | 25,200

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