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Production Budget Assume that Stillwater Designs produces two automotive subwoofers: S12L7 and $12L5. The S12L7 sells for $475, and the S12LS sells for $300. Projected sales (number of speakers) for the coming five quarters are as follows: $12L7 S12LS First quarter, 20Y1 800 1,300 Second quarter, 20Y1 2,200 1,400 Third quarter, 20Y1 s600 5,300 Fourth quarter, 20Y1 4,600 3,900 First quarter, 20Y2 900 1,200 The vice president of sales believes that the projected sales are realistic and can be achieved by the company Stilwater Designs needs a production budget for each product (representing the amount that must be outsourced to manufacturers located in Asia).. Beginning inventory of S12L7 for the first quarter of 20Y1 was 340 boxes. The company's policy is to have 20% of the next quarter's sales of $12L7 in ending inventory. Beginning inventory of $12LS was 170 boxes. The company's policy is to have 30% of the next quarter's sales of $1215 in ending inventory Required Prepare a production budget for each quarter for 20Y1 and for the year in total. Enter amounts as positive numbers Stillwater Designs Production Budget for S1217 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr. 4th Qtr. Year Sales Desired ending inventory Total needs Less: Beginning inventory Units produced Stillwater Designs Production Budget for S12L5 For the Year Ended December 31, 20Y1 1st Qtr. 2nd Qtr. 3rd Qtr.. 4th Qtr. Year Sales Desired ending inventory Total needs Less: Beginning inventory Units produced