Ringer Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Total sales revenue Number of jars sold Ringer anticipates selling 227,000 jars with total sales revenue of $268,000 in the first quarter of the year following the year given in the table to the left. Ringer has a policy that the ending inventory of jars must be 20% of the following quarter's sales. Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. 1st quarter $188,000 155,000 2nd quarter $217,000 183,500 3rd quarter $252,000 213,500 4th quarter $190,000 164,500 Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Ringer Foods Unit sales Desired ending inventory Total needed Less: Beginning inventory Units to produce Production Budget For the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year