Lily Company produces and sells automobile batteries, the heavy-duty HD-240. The 2022 sales forecast is as follows. Quarter HD-240 1 5,500 2 7.700 3 8.800 4 11,000 The January 1, 2022, inventory of HD-240 is 2,200 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales Sales in the first quarter of 2023 are expected to be 25% higher than sales in the same quarter in 2022. Prepare quarterly production budgets for each quarter and in total for 2022. LILY COMPANY Production Budget Product HD-240 Quarter 2 3 e Textbook and Media Save for Later Attempts: 0 of 4 used Submit