Palmgren Company produces consumer products. The sales budget for four months of the year is presented below Unit Sales Dollar Sales July 32,000 3970,000 August 34,500 1,062,800 September 40.500 1.200,000 October 36,500 1,143,300 Company policy requires that ending inventories for each month be 20 percent of next month sales. At the beginning of July, the beginning inventory of consumer products met that policy. Required: Prepare a production budget for the third quarter of the year. Show the number of units that should be produced each month as well as for the quarter In total Palmgren Company Production Budget For the Third Quarter July August September Total Unit sales Total needed July 32,000 $970,000 August 34,500 1,062,800 September 10,500 1,200,000 October 36,500 1,143,300 Company policy requires that ending inventories for each month be 20 percent of next month's sales. At the beginning of July, the beginning inventory of consumer products met that policy. Required: Prepare a production budget for the third quarter of the year. Show the number of units that should be produced each month as well as for the quarter In total Palmgren Company Production Budget For the Third Quarter July August September Total Unit sales Total needed Units produced