Profit Planning a. Explain the role of sales forecast in budgeting! What is the different between a sales forecast and a sales budget! b. ABC Inc., produces tuna in cans. The sales budget for the first four month of the year is presented below: Month Unit sales Dollar sales January 200,000 $150,000 February 240,000 $180,000 March 220,000 $165,000 April 200,000 $150,000 Company policy requires that ending inventories for each month be 35% of the next month's sales. At the beginning of January, the inventory of tuna is 38,000 cans. Required: Prepare a production budget for the first quarter of the year. Show the number of cans that should be produced each month as well as for the quarter in total