Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June July Sales in Units 90,000 95,000 130,000 100,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 20% of the following month's sales. The inventory at the end of March was 18,000 units. Required: Prepare a production budget for the second quarter, in your budget, show the number of units to be produced each month and for the quarter in total. Quarter Down Under Products, Ltd., Production Budget April Budgeted units sales 90,000 Add: Units of beginning finished goods inventory 19,000 Total needs 109,000 Less: Units of beginning finished goods inventory 18,000 Required production in units 91,000 May 95,000 26,000 121,000 June 130,000 20,000 150,000 26,000 124,000 100,000 65,000 165,000 65,000 100,000 19,000 102,000