TEST I. Answer the following 1. Determine the number of units to be produced in 2016 given the following information: a. Inventories at the beginning of the year b. Projected sales in 2016 c. Target level of ending inventories 250,000 units 5,750,000 units 400,000 units 450,000 units 2. Given the following information, estimate the quarterly production in 2016. a. Inventories, December 31, 2015 b. Projected quarterly sales and target level of ending inventories in 2016 Quarter Quarter 1 Quarter 2 Quarter 3 Quarter 4 Projected Sales 3,500,000 4,500,000 5,000,000 8,000,000 Target Level of Ending Inventories 500,000 500,000 1,000,000 550,000 Requirements: a. Determine the production for each quarter in 2016. b. How many units are expected to be produce in 2016? c. How many units are expected to be sold in 2016?