Q3 Creative BlueSky Company manufactures and sells parachutes to adventure companies. The company's sales forecast for the coming year is as in Table Q3. Table Q3: Budget Unit Sales for 2019 Year 2019 Quarter Budgeted unit sales 1 2 3. 4 60000 55000 65000 70000 Other budgeted information follows: The budgeted sales price for each parachute is RM1, 755 per unit. The company budgets production so that ending finished goods inventory equals 15 percent of the next quarter's budgeted sale. Each parachute requires 25 square yards of specialty material at a price of RM18 per square yard. The company purchases raw materials so that about 20 percent of each quarter's production needs are left over at the end of the quarter to be used as beginning. inventory in the next quarter. At the beginning of the first quarter, 290,000 square yards of material were on hand. Prepare the following operating budgets for quarters 1, 2 and 3 only: (i) Sales budget. (6 marks) 4 CONFIDENTIAL