Lowell Company makes and sells artistic frames for pictures. The controller is responsible for preparing the master budget and has accumulated the following information for 2017.

Jan Feb Mar Apr May

Estimated unit sales 11,000 11,700 8,000 9,000 8,300

Sales price per unit $50.60 $48.20 $48.20 $48.20 $48.20

Direct labor hours per unit 2.4 2.4 1.7 1.7 1.7

Wage per direct labor hour $7.00 $7.00 $7.00 $8.00 $8.00

Lowell has a labor contract that calls for a wage increase to $8.00 per hour on April 1. New labor-saving machinery has been installed and will be fully operational by March 1.

Lowell expects to begin the year with 18,020 frames on hand and has a policy of carrying an end-of-month inventory of 100% of the following month's sales, plus 60% of the second following month's sales.

How do I Prepare a production budget for Lowell Company by month and for the first quarter of the year.