Sales for the year 2019 are expected to total $1,200,000 units.

Sales in the first quarter of 2020 are expected to be 10% higher than the budgeted sales for the first quarter of 2019. Management desires to maintain the ending finished goods inventories at 25% of the next quarter's budgeted sales volume. Step 2: Prepare Tiger Paws Company Production Budget for year ended December 31, 2019. This should be the 2nd Excel worksheet for this project.