the following Jag the bonus Short Answer (Various Point Values) for resale at local grocery stores. The company is currently in the dect on a quarterly basis for this coming fiscal year, which ends 69. Cathy's Cookies produces cookies for resale process of establishing a master budget on mber 31. Prior year quarterly sales were as follows (1 unit = 1 batch 8,000 units First quarter: 9.600 units Second quarter: 12.000 units Third quarter: 10,400 units Fourth quarter: Unit sales are expected to increase 20 percent, and each sted to increase 20 percent, and each unit is expected to sell for $5. Management fers to maintain ending finished goods inventory equal to 15 percent of next quarter's sales. Assume Goods inventory at the end of the fourth quarter budget period is estimated to be 2,000 units. Required: (20 Points) (1) Prepare a sales budget for Cathy's Cookies. (2) Prepare a production budget for Cathy's Cookies. SALES BUDGET 01 02 03 04 PY Sales in Units 20% Increase Projected Sales in Units Sales Price/unit Sales Revenue PRODUCTION BUDGET Year 04 03 01 02 Sales in Units from Sales Budget Desired Ending FG Inventory Total FG Inventory Needed Beginning FG Inventory Units to be produced the A as per tt havet 70 Titus Inc. has two div For! Sale