4. Pharoah Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is as follows. Quarter HD-240 1 2 3 4 4,500 6,300 7.200 9,000 The January 1, 2022, inventory of HD-240 is 1,800 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2023 are expected to be 25% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter and in total for 2022. 1 PHAROAH COMPANY Production Budget Product HD-240 2 Quarter 3

Pharoah Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is as follows. The January 1.2022, inventory of HD-2.40 is 1.800 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2023 are expected to be 25% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter and in total for 2022