Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first 4 months of the coming year, Patrick expects the following unit sales: January February 41,000 38,000 March April 50,000 51,000 Patrick's policy is to have 15% 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 Sales Desired ending inventory Total needs Less: Beginning inventory Units to be produced For the Coming Quarter January February March 1st Quarter Total