McKnight Foods produces specialty soup sold in jars. The projected sales in dollars and jars Mcknight anticipates selling 223,000 jars with total sales revenue of $269,000 in the first for each quarter of the upcoming year are as follows: quarter of the year following the year given in the preceding table. McKnight has a policy that the ending inventory of jars must be 30% of the following quarter's sales. Total sales revenue Number of jars sold Requirement 1st quarter .... $ 188,000 150,000 Prepare a production budget for the year that shows the number of jars to be produced each 2nd quarter $216,000 180,500 quarter and for the year in total. 3rd quarter... $256,000 213,000 4th quarter .... $192,000 160,500 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Mcknight Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce