Prepare the Production Budget considering the following information:

Planned ending inventory units are 5% of the forecasted unit sales. Beginning finished goods inventory is 10% of last years forecasted unit sales.

Last years forecasted unit sales

Tops 2,400

Dresses 2,100

Sweaters 1,400

Apparel 1,400

Swimwear 1,100

Accessories 900

Jeans 840

Unit selling price remains fixed for the whole year.

Forecasted data for the other clothing classifications are on the table below:

Jeans - Number of Units 840 Selling Price 81 unit cost 27

Tops - Number of Units 2,500 Selling Price 60.00 Unit Cost 20.00

Dresses - Number of Units 2,200 Selling Price 90.00 Unit Cost 30.00

Sweaters - Number of Units 1,500 Selling Price 108.00 Unit Cost 36.00

Apparel - Number of Units 1,500 Selling Price 240.00 Unit Cost 80.00

Swim wear - Number of Units 1,200 Selling Price 120.00 Unit Cost 40.00

Accessories - Number of Units1,000 Selling Price 150.00 Unit Cost 50.00