il ana tor the quarter in total. ouly through Sep- Production budget (Learning Objective 2) 59-5 Cycles manufactures chainless bicycles. On March 31, Nichols Cycles had 100 bikes The company has a policy that the ending inventory in any nventory. n%of the following month's expected sales Nichols Cycles expects to sell the following month must be umber of bikes in each of the next four months: April May.. .1,000 bikes .1,170 bikes 1,360 bikes July.... Prepare a production budget for the second quarter, with a column for each month and for the quarter