Company Information ABC Manufacturing Company is a fictitious company engaged in the production of electronic gadgets. The company specializes in manufacturing smartphones and wearable devices. It operates in a highly competitive market with a focus on innovation and quality to maintain its position. Sales Budget Information ABC Manufacturing Company's sales budget is based on market research, historical sales data, and anticipated market trends. The following data is provided for the sales budget: Selling price per unit: Smartphone: $500 Wearable device: $200 Expected sales by Qtr Smartphone Wearable device Qtr 1, 20Y1 8,000 3,000 Qtr 2, 20Y1 12,000 7,000 Qtr 3, 20Y1 15,000 6,000 Qtr 4, 20Y1 25,000 10,000 Note: Your sales budget should be formatted like our examples in Module 11. Production Budget Information The production budget is derived from the sales budget and inventory requirements. The company wants to maintain ending inventory equal to 20% of the next month's sales, Create a production budget using data from the Sales Budget and the information below: Smartphone Wearable device Beg Inventory, Qtr 1, 20Y1 3000 600 Expected Sales Qtr 1, 20Y2 28,000 12,000 Note: You will create a production budget for EACH item. Cash Budget: The cash budget outlines the expected