Champ Incorporated budgets the following sales in units for the coming two months. Each month's ending inventory of finished units should be 60% of the next month's sales, The April 30 finished goods inventory is 114 units. May June Budgeted sales units 190 270 Prepare the production budget for May. CHAMP, INCORPORATED Production Budget May Budgeted sales units Add Desired ending inventory Nexi period budgeted sales units Ratio of inventory to future sales Desired ending inventory units Total required units Less Beginning inventory units Units to produce Atlantic Surf manufactures surfboards. The company's budgeted sales units for the next three months is shown below. Company policy Is to maintain finished goods inventory equal (in units) to 30% of the next month's unit sales. As of June 30, the company has 1,200 finished surfboards in inventory. July August September Budgeted sales units 4,000 6,70e 3,500 Prepare the production budget for the months of July and August ATLANTIC SURF Production Budget July August Budgeted sales units Add Desired ending inventory Next penod budgeted sales units Ratio of inventory to future sales Desired ending inventory units Total required units Less Beginning inventory units Units to be produced 0 0 Forrest Company manufactures phone chargers and has a policy that ending inventory should equal 10% of the next month's budgeted unit sales October's ending Inventory equals 42,000 units. November and December sales are budgeted to be 420,000 units and 390,000 units, respectively. Prepare the production budget for November FORREST COMPANY Production Budget November Budgeted sales units Desired ending inventory units Total recured units Loss Beginning inventory units Units to produce