A sales budget is given below for one of the products manufactured by the Rhys Hoskins Co.: T Sales Budget in Units January February March 16,000 31,000 56,000 36,000 26,000 21,000 April May June The inventory of finished goods at the end of each month must equal 19% of the next month's sales. On December 31, the finished goods inventory totaled 3,040 units. Each unit of product requires four specialized electrical switches. Since the production of these specialized switches by Rhys Hoskins' suppliers is sometimes irregular, the company has a policy of maintaining an ending inventory at the end of each month equal to 35% of the next month's production needs. This requirement had been met on January 1 of the current year. Required: Prepare a production budget for January, February, March and April. (Input all amounts as positive values.) February January March April (Click to select) (Click to select) Total needs (Click to select) Units to be produced Calculate the quantity of switches to be purchased each month for January, February, March and in total for the quarter. (Input all amounts as positive values.) January February March Quarter (Click to select) ((Click to select) Total needs |(Click to select) Required purchases (Click to select) Production needs Add: Desired ending inventory Deduct: Desired ending inventory Deduct: Beginning inventory Add: Beginning inventory