sheet as of June 30. Compute the CISE 8-2 Production Budget [L08-31 awn Under Products, Ltd., of Australia has budgeted sales of its popular boomerang for the next four months as follows: Sales in Units April. May June . .. 50,000 75,000 90,000 80,000 The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end-of-month inventory levels must equal 10% of the following month's sales. The inventory at the end of March was 5,000 units. Required: Pre re a production budget for the second quarter; in your budget, show the number of units to be produced each month and for the quarter in total