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Quiz 1 Q1) Jimenez Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year

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Quiz 1 Q1) Jimenez Corporation manufactures and sells two types of decorative lamps, Knox and Ayer. The following data are available for the year 2017. Product Ayer Expected sales in units 21,000 10,000 Selling price $ 25 $ 40 Target ending inventory in units 1,000 2,000 Beginning inventory in units 3,000 1,000 Knox Calculate the revenues budget (label it Schedule 1) and the production budget in units (label it Schedule 2) for year ending December 31, 2017.

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