Sweet Acacia Company is preparing its master budget for 2022. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. Sales: Sales for the year are expected to total 1,100,000 units. Quarterly sales are 25%, 25%, 25%, and 25%, respectively. The sales price is expected to be $ 40 per unit for the first three quarters and $ 46 per unit beginning in the fourth quarter. Sales in the first quarter of 2023 are expected to be 10% higher than the budgeted sales for the first quarter of 2022. Production: Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. Direct materials: Each unit requires 2 kg of raw materials at a cost of $ 10 per kilogram. Management desires to maintain raw materials inventories at 10% of the next quarter's production requirements. Assume the production requirements for the first quarter of 2023 are 600,000 kg.

Prepare the production budget by quarters for 2022. (Round answers to 2 decimal places, e.g. 15.25)

SWEET ACACIA COMPANY Production Budget (in thousands) For the Year Ending December 31, 2022 Quarter 1 2 3 Unit sales 275 275 275 Add Ending inventory Total required Less Beginning inventory Total SWEET ACACIA COMPANY Production Budget (in thousands) For the Year Ending December 31, 2022 Quarter 2 Year 3 4 275 275 275 275 1,100 e Textbook and Media