EXERCISE 8-2 Production Budget [LO3] Crystal Telecom has budgeted the sales of its innovative mobile phone over the next four months as follows: Sales in Units July 30,000 45,000 60,000 50,000 October rd quarter. Past ual 10% of the next The company is now in the process of preparing a production budget for the thi experience has shown that end-of-month finished goods inventories must eq 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