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Palermo Company estimates that unit sales will be 10, 590 in quarter 1; 12, 780 in quarter 2; 15, 080 in quarter 3; and 18,

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Palermo Company estimates that unit sales will be 10, 590 in quarter 1; 12, 780 in quarter 2; 15, 080 in quarter 3; and 18, 660 in quarter 4. Management desires to have an ending finished goods inventory equal to 20% of the next quarter's expected unit sales. Prepare a production budget by quarters for the first 6 months of 2014

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