Saved The marketing department of Gaeber Industries has submitted the following sales forecast for the upcoming fiscal year: Budgeted sales (units) 1st Quarter 8,000 2nd 3rd Quarter 7,000 Quarter 6,000 4th Quarter 6,900 Help 9 The company expects to start the first quarter with 1,600 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 20% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,720 units. In addition, the beginning raw materials inventory for the first quarter is budgeted to be 3,320 kilograms and the beginning accounts payable for the first quarter are budgeted to be $15,020. Each unit requires two kilograms of raw material that costs $6 per kilogram. Management desires to end each quarter with an Inventory of raw materials equal to 20% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 3,160 kilograms. Management plans to pay for 85% of raw material purchases in the quarter acquired and 15% in the following quarter. Required: 1. Prepare the company's production budget for the upcoming fiscal year. GAEBER INDUSTRIES Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year