B. James Company is preparing a production budget for the third quarter. Ending inventory level must equal 15% of the next month's sales. B. Prepare a production budget for the third quarter, in total, October and November by month. 2019 Q3 July August September Total October November Next Month Budget Sale Ratio of Inventory Desired Units in Ending inventory Plus: Budgeted sales in units Total Units Needed Less: Units in Beginning Inventory Budgeted units to be Produced July Question 1. James Company is preparing budgets for the Third quarter of 2019, All relevant information is presented below. A. James Company expects sales as shown below: Budgeted Sales (Units) 25,000 August 28,000 September 36,000 October 42,000 November 50,000 December 58,000 The sales price is $32 per unit. The desired ending inventory of units is 15% higher than the beginning inventory of 1,000 units. A. Prepare a sales budget for the third quarter, in total, October by month. 2019 Q3 Total October 42.000 July 25.000 August 28.000 September 36.000 89.000 $32.00 $32.00 $32.00 $32.00 $32.00 Budgeted sales in units Sales Price Per Unit