Exercise 8-2 Production Budget (LO8-3) Down Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: April May June July Unit Sales 76,000 85,000 116.000 93,000 The company is now in the process of preparing a production budget for the second quarter past experience has shown that end of month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of March was 11,400 units. Required: Prepare a production budget by month and in total, for the second quarter. Down Under Products Ltd Production Budget April May June Quarter Budgeted unit sales Total needs 0 0 0 0 rences Required production in units