Hoffman Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Total sales revenue Number of jars sold 1st quarter... $ 189,000 154,000 2nd quarter ... $ 215,000 182,500 3rd quarter ... $ 255,000 214,000 4th quarter... $ 197,000 165,000 Hoffman anticipates selling 225,000 jars with total sales revenue of $262,000 in the first quarter of the year following the year given in the preceding table. Hoffman has a policy that the ending inventory of jars must be 30% of the following quarter's sales. Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Hoffman Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Unit sales 154,000 Plus: Desired ending inventory Total needed 54,750 208,750 182,500 64,200 Quarter 2 Quarter 3 214,000 Quarter 4 Year 246,700 Help me solve this Video Get more help Clear all Final check