In the coming year UTS Retail expects to sell 55,000 units. Last year the company sold 48,000 units. Closing inventories have been and are expected to be 25% of the current year's sale units. The forecast purchase price per unit is $35. Inventory purchases are paid 90% in the current year and 10% in the following year. Accounts Payable at the start of the year was $176,375. The purchase price of goods have been constant for the last 2 years. Required: 

Prepare the production budget for the coming year