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Question No. 2 (5 Marks): BETA Company is preparing its master budget for 2020. Relevant data relating to its sales and production budgets are as follows: Sales: Expected quarterly sales for 2020 are 50,000 units: 12,000 units: 38,000 units; and 40,000 units respectively. Sales in the first quarter of 2021 are expected to be 40% less than the budgeted sales for the first quarter of 2020, Production Management desires to maintain ending finished goods inventories at 25% of next quarter's budgeted sales units. Assume that the beginning finished goods inventory units for the first quarter of 2020 is 12,500 units. Required: Prepare the production budget for 2020. Answer BETA Company Production Budget For the Year Ending December 31, 2020 Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Page 3 of 1