Smith Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows Smith anticipates selling 224,000 jars with total sales revenue of $262,000 in the first quarter of the year following the year given in the preceding table. Smith has a policy that the ending inventory of jars must be 25% of the following quarter's sales. Total sales revenue S183,000 $212,000 S252,000 $199,000 Number of jars sold Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. 1st quarte 2nd quarter. . 3rd quarter 4th quarter 150,500 183,000 215,000 162,000 Prepare the production budget by first calculating the total units needed, then calculate the units to produce Smith Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Unit sales Plus: Desired ending inventory Total needed