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: points April May Unit Sales 62,000 80,000 102,000 86,000 June July eBook Print 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 10% of the following month's unit sales. The inventory at the end of March was 6,200 units. Required: Prepare a production budget by month and in total, for the second quarter. References Down Under Products, Ltd., Production Budget April May June Quarter Budgeted unit sales Total needs Required production in units