Coliseum Company has budgeted the following unit sales: Quarter Qtr. 1, 2020 Qtr. 2, 2020 Qtr. 3, 2020 Qtr. 4, 2020 The finished goods inventory on hand on December 31, 2019 was 6,000 units. 90% of the next quarter's sales will come from production during that quarter, and the remainder of next quarter's sales will come from this quarter's ending inventory. Instructions Make a production budget for the second quarter of 2020. Units 60,000 50,000 40,000 80,000 II. Nolo Enterprises is preparing its master budget for 2020. Relevant data pertaining to its sales budget are as follows: . Sales for the year are expected to total 800,000 units. Quarterly sales are 20%, 28%, 31%, and 21%, respectively per quarter. . The sales price is expected to be $2.00 per unit for the first quarter and then be increased by 10% each subsequent quarter. Instructions Make sales budget for the third quarter of 2020 for Nolo Company.