-76 III Joshua Hill, Bates & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter. January February March 25,000 Quarter 85,000 28,000 32,000 Budgeted units sold Budgeted sales price Budgeted revenue $21 $21 $21 $21 $525,000 $588,000 $672,000 $1.785,000 Budgeted sales of April is 34.000. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume. Joshua plans to have 3.200 finished bricks at a cost of $49.280 in inventory at the beginning of the year. Prepare Bates & Hill's production budget for the first quarter. January February March Beginning inventory Budgeted ending inventory Budgeted production Budgeted unit sales Total units required