Sales and Production Budgets. Car Products, Inc., produces car covers. Unit sales last year, ending December $31,$ follow.

Table $9\mathrm{.}8$ Sales and Production Budgets

First quarter $9,000$

Second quarter $15,000$

Third quarter $18,000$

Fourth quarter $12,000$

Unit sales are expected to increase $30$ percent this coming year over the same quarter last year. Average sales price per unit will remain at $$300.$

Assume finished goods inventory is maintained at a level equal to $10$ percent of the next quarter$$s sales. Finished goods inventory at the end of the fourth quarter budget period is estimated to be $2,850$ units.

Required:

Prepare a sales budget for Car Products, Inc., using a format similar to Table $9\mathrm{.}1.($Hint: be sure to increase last year$$s unit sales by $30$ percent.$)$

Prepare a production budget for Car Products, Inc., using a format similar to Figure $9\mathrm{.}3.$