McKnight Foods produces specialty soup sold in jars. The projected sales in McKnight anticipates selling 226,000 jars with total sales revenue of dollars and jars for each quarter of the upcoming year are as follows: $261,000 in the first quarter of the year following the year given in the Total sales Number of jars preceding table. Mcknight has a policy that the ending inventory of jars must revenue be 20% of the following quarter's sales. sold 1st quarter....5 189,000 153,500 Requirement 2nd quarter...s Prepare a production budget for the year that shows the number of jars to 215,000 180,500 be produced each quarter and for the year in total 3rd quarter ...s 251,000 212,000 4th quarter $ 192,000 160,000 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 nter any number in the edit fields and then click Check