Penny Worth Company manufactures burglar-resistant commercial door locks. Recently the company began selling locks on the Web, and the company expects sales to increase dramatically compared with the prior year. For the past year, 2017, unit sales were:

Assume that total sales for each quarter in 2018 will be 21 percent higher than in 2017 and that the selling price per lock is $28. Prepare a sales budget by quarter for 2018.

First quarter $17,000 units Second quarter 20,000 units Third quarter 20,000 units Fourth quarter 23,000 units Penny Worth Company Sales Budget For the Year Ending December 31, 2018 Third Quarter Second Fourth First Quarter Quarter Quarter Year Projected sales Sales price per unit Budget revenue for 2018