Need assistance with #33 see attached figures

Exercises: Set B 33. Sales and Production Budgets. Kitchen Products, Inc., produces microwave ovens. Unit sales last year, ending December 31, are as follow: First quarter 40,000 Second quarter 50,000 Third quarter 52,000 Fourth quarter 48,000 Unit sales are expected to increase 10 percent this coming year over the same quarter last year. Average sales price per microwave oven will remain at $200. Assume finished goods inventory is maintained at a level equal to 5 percent of the next quarter's sales. Finished goods inventory at the end of the fourth quarter budget period is estimated to be 2,300 units. Required: a. Prepare a sales budget for Kitchen Products, Inc., using a format similar to Figure 9.3. (Hint: be sure to increase last year's unit sales by 10 percent.) b. Prepare a production budget for Kitchen Products, Inc., using a format similar to Figure 9.4. is presented in Figure 9.3. FIGURE 9.3 Sales Budget for Jerry's Ice Cream Jerry's Ice Cream Sales Budget Year Ending December 31 Quarter 2 Year Sales in units (1 unit = 1 gallon) Sales price per unit Sales revenue 40,000 $6 $240,000 48,000 $6 $288,000 60,000 $6 $360,000 52,000 x $6 $312,000 200,000 x $6 $1,200,000 FIGURE 9.4 Production Budget for Jerry's Ice Cream Jerry's Ice Cream Production Budget Year Ending December 31 Quarter Sales in units Add desired ending finished good inventory** Total finished goods inventory needed Deduct beginning finished goods inventory*** Units to be produced 40,000 4,800 44,800 (4,000) 40.800 48,000 6,000 54,000 (4.800) 49.200 60,000 5.200 65.200 (6,000) 59.200 52,000 4,400 56,400 (5,200) 51,200 Year 200,000 4,400 204,400 (4,000) 200,400 *Information from Figure 9.3. **Desired andin inventory 10 arcant Navtarter cales for the first warter A 200-10000 Fourth