Exercise 22-04 (Video) Sandhill Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 5,500 7,140 8,200 10,270 The January 1, 2020, inventory of HD-240 is 2,200 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for 2020 SANDHILL COMPANY Production Budget rod S RO cucu deo) SANDHILL COMPANY Production Budget Product HD-240 Study Quarter