Homework: Ch 9 Homework Save Score: 0 of 3 pts 1 of 6 (0 complete) HW Score: 0%, 0 of 20 pts E9-20A (similar to) Question Help Ringer Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year Ringer anticipates selling 221,000 jars with total sales revenue of $261,000 in the first quarter of the year following the year are as follows: given in the preceding table. Ringer has a policy that the ending inventory of jars must be 25% of the following quarter's sales. Total sales revenue Number of jars sold Requirement 154,000 Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. 1st quarter . . . . $ 189,000 2nd quarter . . . $212,000 182,000 3rd quarter . . . . $253,000 210,000 4th quarter . . . $ 193,000 161,000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Ringer Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales 154,000 182,000 210,000 161,000 707,000 Plus: Desired ending inventory Total needed