Joshua Hill, Bates & Hill Fabricators' production manager, has just received the company's sales budget for the first quarter. Company policy requires an ending finished goods inventory each month that will meet 5% of the following month's sales volume. Joshua plans to have 1,400 finished bricks at a cost of $12,250 in inventory at the beginning of the year. Prepare Bates & Hill's production budget for the first quarter. (Round answers to 0 decimal places, e.g. 5,275.)