Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects the following unit sales: January 41,000 February 38,000 March 50,000 April 51,000 Patrick's policy is to have 24% of next month's sales in ending inventory. On January 1, it is expected that there will be 4,400 drums of solvent on hand. Required: Prepare a production budget for the first quarter of the year. Show the number of drums that should be produced each month as well as for the quarter in total. If required, round your answers to the nearest whole unit. Patrick Inc. Production Budget For the Coming Quarter January February March 41,000 38,000 50,000 9,120 12,000 12,240 1st Quarter Total 51,000 X Sales Desired ending inventory Total needs 50,120 V 50,000 9,120 Less: Beginning inventory 4,400 62,240 12,000 50,240 Units to be produced 45,720 40,880