E10.19 Prepare quarterly production budgets. (LO 2) Wayans Company produces and sells automobile batteries, including the heavy-duty HD-240. The 2020 sales budget is as follows: Quarter Units of HD-240 1 6,000 7,000 9,000 10,000 The January 1, 2020, inventory of HD-240 is 1,500 units. Management wants an ending inventory each quarter that is equal to 30% of the next quarter's sales. It expects sales in the first quarter of 2021 to be 20% higher than sales in the same quarter in 2020. Instructions Prepare quarterly production budgets for each quarter for 2020