Daniel Jackson, Waterway & Jackson Fabricators' production manager, has just received the company's sales budget for the first quarter.

Budgeted sales of April is 36,000. Company policy requires an ending finished goods inventory each month that will meet 20% of the following month's sales volume. Daniel plans to have 2,400 finished bricks at a cost of $49,280 in inventory at the beginning of the year. Prepare Waterway & Jackson's production budget for the first quarter.

March January 21,000 February 28,000 Quarter 81,000 32,000 Budgeted units sold Budgeted sales price Budgeted revenue $23 $23 $23 $23 $483,000 $644,000 $736,000 $1,863,000 January February March Quarter January February March Beginning inventory Beginning inventory Budgeted ending inventory Budgeted production Budgeted unit sales Total units required