Mcknight Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each Mcknight anticipates selling 229,000 jars with total sales revenue of $262,000 in the first quarter quarter of the upcoming year are as follows: of the year following the year given in the table to the left. Mcknight has a policy that the ending Number of jars inventory of jars must be 20% of the following quarter's sales. Total sales revenue sold . . . Prepare a production budget for the year that shows the number of jars to be produced each 1st quarter . . . . $ 186,000 150,000 quarter and for the year in total. 2nd quarter . . . . $215,000 185,000 3rd quarter . ... $251,000 210,500 4th quarter . . . . $ 198,000 164,500 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Mcknight Foods Production Budget For the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales Desired ending inventory Total needed Less: Beginning inventory Units to produce