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Simkin Corp.s fiscal year begins January 1. Its budget sales for the first three quarters are as follows: Quarter Q1 Q2 Q3 Budgeted Sales 2,000

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Simkin Corp.s fiscal year begins January 1. Its budget sales for the first three quarters are as follows: Quarter Q1 Q2 Q3 Budgeted Sales 2,000 Units 2,100 Units 2,205 Units It desires an ending finished goods inventory each quarter equal to 20% of next quarter's budgeted sales. Budgeted production during the second quarter is expected to be 2,121 units 2,100 units 2,144 units Not possible to determine without knowing inventory units on hand January 1

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