Charles Wilson, Sunland & Wilson Fabricators' production manager, has just received the company's sales budget for the first quarter. Budgeted units sold Budgeted sales price Budgeted revenue January February March Quarter 26,000 28,000 32,000 86,000 $19 $19 $19 $19 $494,000 $532,000 $608,000 $1,634,000 Budgeted sales of April is 35,000. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume. Charles plans to have 3,400 finished bricks at a cost of $49,280 in inventory at the beginning of the year. Prepare Sunland & Wilson's production budget for the first quarter. Prepare Sunland & Wilson's production budget for the first quarter. January February March Budgeted unit sales 26,000 28,000 32,000 Budgeted ending inventory 4 Total units required Beginning inventory Budgeted production March Quarter 32,000 86,000