Summer 2022 Online Acc114-230 (8 week) Homework: Ch9 Homework Assignment Question 3, E9-44B (book/static) Part 1 of 2 Gable Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: Total sales revenue Number of jars sold 1st quarter.... S 186,000 152,500 2nd quarter... $ 216,000 182,500 3rd quarter... $ 4th quarter 255,000 214,000 $ 190,000 165,000 Lindsey Rapp 07/15/22 9:19 PM HW Score: 37.78%, 37.78 of 100 points O Points: 0 of 20 Save Gable anticipates selling 222,000 jars, with total sales revenue of $261,000 in the first quarter of the year following the year given in the preceding table. The company has a policy that the ending inventory of jars must be 25% of the following quarter's sales. 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. Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Gable Foods Production Budget For the Quarters in the Upcoming Year Unit sales Plus: Desired ending inventory Total needed Quarter 1 152,500 182,500 Quarter 2 Quarter 3 214,000 Quarter 4 Year 165,000 714,000