Exercise 23-4 Your answer is partially correct. Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows. HD-240 5,400 7,130 8,110 10,350 The January 1 2017, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2018 are expected to be 25% higher than sales in the same quarter in 2017 Prepare quarterly production budgets for each quarter and in total for 2017 TURNEY COMPANY Budget Quarter Year Expected Unit Sales 5400 7,130 8,110 10,350 Desired Ending Finished Goods Unit 2700 3244 2700 Total Required Units 2700 10374 12250 13050 2700 Seginning Finished Goods Unit 2,160 4140 540 7674 9005 8910 31530 Requ red Production Units