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Smith Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the Smith anticipates selling 220,000 jars

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Smith Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the Smith anticipates selling 220,000 jars with total sales revenue of $268,000 in the first quarter of the year following upcoming year are as follows 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 $184,000 $217.000 $258,000 5195,000 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 quarter 2nd quarter 3rd quarter 4th quarter 150,000 181,000 211,000 162,000 Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce Enter any number in the edit tields and then continue to the next

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