Fall 2020 Question One (56 Points) Monday Company manufactures audio speakers for desktop computer. The controller is currently preparing a budget for the second quarter of the year. The sales forecast has been made as follows: April May June July August 50,000 52,000 36,000 42,000 60,000 The selling price per unit is $10 The management of the company wants ending inventory to be equal to 20% of the following month's sales. On March 31, 8,000 units were on hand. Required: 1. Prepare the sales budget by month and for the second quarter ends June 30. (23 Points) 2. Prepare the Production budget by month and for the second quarter ends June 30. (32 Points)