McKnight Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows Total sales revenue 1st quarter.... S 189,000 Number of jars sold 152,500 2nd quarter 219,000 182,500 3rd quarter... S 254,000 4th quarter 212,000 S 196,000 163,000 McKnight anticipates selling 221,000 jars with total sales revenue of $260,000 in the first quarter of the year following the year given in the preceding table McKnight has a policy that the ending inventory of jars must be 25% of the following quarter's sales Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. Prepare the production budget by first calculating the total units needed, then calculate the units to produce. McKnight Foods Unit sales Plus: Desired ending inventory Total needed Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year