Begin by calculating the revenues budget (label it Schedule 1) for the year ending December 31, 2017 Schedule 1: Revenues Budget for the Year Ending December 31, 2017 Units Selling price Total revenues 18,400 S 13,000 20 S Knox Ayer Total Now calculate the production budget in units (label it Schedule 2) for the year ending December 31, 2017. Begin by selecting the labels, then enter the amounts 368,000 507,000 875,000 39 Schedule 2: Production Budget (in Units) for the Year Ending December 31, 2017 Data Table Knox Ayer Product Knox Ayer Expected sales in units Selling price Target ending inventory in units Beginning inventory in units 18,400 20 $ 2,300 2,700 13,000 39 1,300 1,300 Add beginning finished-goods inventory Add target ending finished-goods inventory Budgeted sales in dollars Budgeted unit sales Deduct beginning finished-goods inventory Deduct target ending finished-goods inventory Direct materials to be used in production Total required units Units of finished goods to be produced Print Done put fields and then click Check