McKnight Manufacturing produces self-watering planters for use in upscale retail establishments. Sales projections for the first five months of the upcoming year show the estimated unit sales of the planters each month to be as follows: (Click the icon to view additional information.) Inventory at the start of the year was 850 planters. The desired inventory of planters at the end of each month should be equal to 25% of the following month's budgeted sales. Each planter requires four pounds of polypropylene (a type of plastic). The company wants to have 20% of the polypropylene required for next month's production on hand at the end of each month. The polypropylene costs $0.10 per pound. Read the requirements. Requirement 1. Prepare a production budget for each month in the first quarter of the year, including production in units for each month and for the quarter. Unit sales McKnight Manufacturing Production Budget For the Months of January through March Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce January February March Quarter 3,400 3,500 3,100 10,000 Data Table Number of planters to be sold January... 3,400 February 3,500 March April..... 3,100 4,800 May 4,200 Print Done