1. Production Budget

   Palmgren Company produces consumer products. The sales budget for four months of the year is presented below.

   	Unit Sales	Dollar Sales
   July	30,500	$970,000
   August	35,000	1,065,000
   September	38,000	1,202,000
   October	36,000	1,144,800

   Company policy requires that ending inventories for each month be 25 percent of next months sales. At the beginning of July, the beginning inventory of consumer products met that policy.

   Required:

   Prepare a production budget for the third quarter of the year. Show the number of units that should be produced each month as well as for the quarter in total.

   Palmgren Company
   Production Budget
   For the Third Quarter
   	July	August	September	Total
   Unit sales	fill in the blank 1	fill in the blank 2	fill in the blank 3	fill in the blank 4
   	fill in the blank 6	fill in the blank 7	fill in the blank 8	fill in the blank 9
   Total needed	fill in the blank 10	fill in the blank 11	fill in the blank 12	fill in the blank 13
   	fill in the blank 15	fill in the blank 16	fill in the blank 17	fill in the blank 18
   Units produced	fill in the blank 19	fill in the blank 20	fill in the blank 21	fill in the blank 22