Franco Industries' sales budget shows quarterly sales for the next year as follows: Quarter 1, 11,000; Quarter 2, 9,000; Quarter 3, 13,000; Quarter 4, 15,000. Company policy is to have a target finished-goods inventory at the end of each quarter equal to 25% of the next quarter's sales. What would be the budgeted production for the second quarter of next year? O 1. 12,250 units 2. 13,000 units; 3. 10,000 units; 4. 7,750 units