Gabes Company has budgeted sales of its innovative mobile phone for next four months as follows: Sales Budget in Units July 30,000 August 45,000 September 60,000 October 50,000 The company is now in the process of preparing a production budget for the third quarter. Ending inventory level must equal 10% of the next months sales. Required: a) Calculate the ending inventory as of June 30. b) Prepare a production budget for the third quarter showing the number of units to be produced each month and for the quarter in total.