Projected sales in Quarter-1, Quarter-2, and Quarter-3 are 90,000, 105,000 and 112,000 units respectively. Desired ending inventory at the end of each quarter is 20 % of the following quarters projected sales. The firm expects to have 19,500 units on hand at the beginning of the first quarter (beginning inventory of Quarter-1 is expected to be 19,500 units). Prepare a production budget for Quarter-1and Quarter-2. (5 Points)

	Quarter-1	Quarter-2
Budgeted sales in units
Desired ending inventory
Total units needed
Beginning inventory
Budgeted production in units