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ABC Company produces tote bags. ABC Company has the following sales projections in year 2020: Budgeted tote bags sales in units Quarter 1 20,000 Quarter

ABC Company produces tote bags. ABC Company has the following sales projections in year 2020:

	Budgeted tote bags sales in units
Quarter 1	20,000
Quarter 2	30,000
Quarter 3	35,000
Quarter 4	40,000

ABC Company wants to have 20% of the next quarter's sales in units on hand at the end of each quarter. Inventory at the end of 2020 is estimated to be 3,500 tote bags.

REQUIRED Prepare the production budget for each quarter and the total for the year 2020.

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