Exercise 2 (Production Budget) Rock Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows: Sales in Units July 30,000 August 45,000 September 60,000 October 50,000 The company is now in the process of preparing a production budget for the third quarter. Past experience has shown that end-of-month inventories of finished goods must equal 10% of the next month's sales. The inventory at the end of June was 3.000 units. Required: Prepare a production budget for the third quarter showing the number of units to be produced each month and for the quarter in total