Electro Company manufactures transmissions for electric cars. Management reports ending finished goods inventory for the first quarter at 69,600 units. The following unit sales are budgeted during the rest of the year: second quarter, 232,000 units; third quarter, 413,000 units; and fourth quarter, 408,000 units. Company policy calls for the ending finished goods inventory of a quarter to equal 30% of the next quarter's budgeted unit sales. Prepare a production budget for both the second and third quarters that shows the number of transmissions to manufacture. Answer is not complete. ELECTRO COMPANY Production Budget Second Quarter Third Quarter Next period budgeted sales units 413,000 408,000 Ratio of inventory to future sales 30% 30% Desired ending inventory units 123,900 122,400 Total required units Less: Beginning inventory units 69,600 123,900 Units to produce 286,300 411,500