Preston anticipates selling 226,000 jars with total sales revenue of $260,000 in the first quarter of the year following the year given in the table to the left. Preston has a policy that the ending inventory of jars must be 25% of the following quarter's sales. 1. Preston Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Number of jars Total sales revenue sold 1st quarter .... $180,000 153,500 2nd quarter.... $216,000 180,000 3rd quarter $250,000 215,000 4th quarter .... $ 194,000 164,500 Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Preston Foods Production Budget For the upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales Desired ending inventory Total needed Less: Beginning inventory Units to produce