Mississippi Marine Corporation specializes in fishing equipment and is located in Dubuque, Iowa. The company's budgeted sales for the next four months of its spinning fishing pole follows: April May June July Unit Sales 66,000 80,000 106,000 88,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 20% of the following month's unit sales. The inventory at the end of March was 13,200 units. Required: Prepare a production budget by month and in total, for the second quarter. April May June July Unit Sales 66,000 80,000 106,000 88,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 20% of the following month's unit sales. The inventory at the end of March was 13,200 units Required: Prepare a production budget by month and in total, for the second quarter. Budgeted unit sales Total needs Required production in units Mississippi Marine Corporation Production Budget April May June Quarter The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of- month inventory levels must equal 20% of the following month's unit sales. The inventory at the end of March was 13,200 units. Required: Prepare a production budget by month and in total, for the second quarter. Mississippi Marine Corporation. Production Budget April May June Quarter Budgeted unit sales Add: Desired units of ending finished goods inventory Add: Units of beginning finished goods inventory Less: Desired units of ending finished goods inventory Less: Units of beginning finished goods inventory