Question 1 - Please show steps

Eggbert Co. budgeted the following data for the upcoming year 2022:

Quarter 1

Quarter 2

Quarter 3

Unit Sales

100,000

120,000

110,000

Sales Price Per Unit

$60.00

$60.50

$60.75

Ending Finished Goods Inventory

5% of next quarter's sales requirements

12/31/21 Projected Finished Goods Inventory

4,500 units

Yards of material per unit

2.5 yards per unit produced

Cost per yard

$12.00

Eggbert's Projected First Quarter Total Sales is $_______.

Eggbert's Total Unit Sales for the first 6 months of 2022 will be _____.

Eggbert's Budgeted Income Statement for the first 6-month period ending 6/30/22 will report Sales Revenue of $._____

The Production Report will report a desired ending inventory for Quarter 2 _____ofunits.

The Production Report will report a beginning inventory for Quarter 1 _______ofunits.

The Production Report will report a beginning inventory for Quarter 2 _____ ofunits.

The Production Report will report ending inventory ____offor the 6-month period ending 6/30/22.