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 90, see 95,000 130, eee 100,000 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 20% of the following month's unit sales. The Inventory at the end of March was 18,000 units. Required: Prepare a production budget by month and In total, for the second quarter. May June Quarter Down Under Products, Ltd., Production Budget April Budgeted unit sales Add: Desired units of ending finished goods inventory Total needs Less: Units of beginning finished goods inventory Required production in units 0 0 0 0 0 0 0