BUDGETARY PLANNING This problem consists of four independent mini-problems. Omit headings other than those already given. 14. 1. Flathead Manufacturing produces and sells containers designed to hold liquid beverages. The sales budget for 2012 is as follows: 1st quarter 120,000 units 2nd quarter 160,000 units 3rd quarter- 180,000 units 4th quarter- 140,000 units Flathead desires an ending inventory equal to 30% of the next quarter's sales. January 1, 2012 inventory is 36 units. Unit sales during the 1st quarter of 2013 are estimated at 120,000 units. ,000 Instructions: Compute required production for the year, showing quarterly data. Quarter1 Quarter 2 Quarter3 Quarter 4