Blue Wave Co. predicts the following unit sales for the coming four months: September, 4,00Q units; October, 4,200 units; November, 6,400 units; and December, 8,400 units. The company's policy Is to maintaln finished goods inventory equal to 50% of the next month's sales. At the end of August, the company had 3,400 finished units on, hand. Prepare a production budget for each of the months of September, October, and November. Answer is complete but not entirely correct. Blue Wave Co. Production Budget September, October and November September October November Next month's budgeted sales (units) Budgeted ending inventory (units) 7,000 O 5,000 7,600 0 60 60 % 4,200 5,000 60 O % Required units to be produced 3,000 4,560 Add: Budgeted sales (units) Ratio of inventory to future sales 8 Less: Beginning inventory (units) 4,000 7,000 7,000 9,200 11,560 2,400 8 3,000 O 6,200 4,200 Units to be produced 4,600 7,360