Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April May 78,000 85,000 118,000 94,000 June July 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 unit sales. The inventory at the end of March was 15,600 units Required: Prepare a production budget by month and in total, for the second quarter. X Answer is complete but not entirely correct. Down Under Products, Ltd., Production Budget May June April Quarter Budgeted units sales Add: Desired units of ending finished goods inventory 78,000 85,000 118,000 281,000 56,200 17,000 23,600 96,800 95,000 377,800 Total needs 108,600 174,200 Less: Units of beginning finished goods inventory 56,200 15,600 17,000 23,600 79,400 91,600 150,600 321,600 Required production in units