Cleary Foods produces specialty soup sold in jars. The projected sales of the upcoming year are as follows: dollars and jars for each quarter Cleary anticipates selling 220,000 jars with total sales revenue of $263,000 in the first quarter of the year following the year given in the preceding table. Cleary has a policy that the ending inventory of jars must be 25% of the following quarter's sales. Total sales revenue Number of jars sold Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the vear 1st quarter .. . 150,000 $188,000 2nd quarter .. . total. 183.000 S217.000 3rd quarter... S250,000 214.000 S199,000 162.000 4th quarter Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Cleary Foods Production Budget For the Quarters the Upcoming Year Quarter 2 Quarter 1 Quarter 3 Quarter 4 Year Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce