5 ales and Production tudogets Archer Company produces two products: the custom and the besic. The custom selis for s30, and the batic sells for s8. Projected sales of the two models for the ceming four quarters arn gieen belowi The pretideat of the company believes that the projected salet ore resittic and can be schieved by the company, in the factory, the production superviser has received the projected asiee figures and gathered information needed to compile production budgets. He found that aoo eustoms and z,140 basics were in inventory an January 1 . Companr poicy dectates that enting inventary shnul equal 20 percent of the next quarteris sales for cuitoms and 10 percent of next quarteri whes for bavici. Required: 1. Prepare a sa in total, show sales by product and in total for each tima period. 2. Prepare a separate production budget for each product for each of the first three quarters of the year. Production budget for customs: Production budget for basics