Preparing a Production Budget Patrick Inc. makes industrial solvents. In the first four months of the coming year, Patrick expects the following unit sales: January February March April 41,000 38,000 50,000 51,000 Patrick's policy is to have 22% of next month's sales in ending inventory. On January 1, it is expected that there will be 4,650 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 1st Quarter Total Sales 41,000 38,000 50,000 129,000 Desired ending inventory 8,360 11,000 11,220 11,220 X Total needs 49,360 49,000 61,220 140,220 Less: Beginning inventory 4,650 6,350 Units to be produced