The marketing department of Gaeber Industries has submitted the following sales forecast for the upcoming fiscal year:

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Budgeted unit sales	10,000	7,600	7,600	7,700

The company expects to start the first quarter with 2,250 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 30% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 1,670 units.

In addition, the beginning raw materials inventory for the first quarter is budgeted to be 1,800 pounds and the beginning accounts payable for the first quarter is budgeted to be $14,700.

Each unit requires 1 pounds of raw material that costs $4.00 per pound. Management desires to end each quarter with an inventory of raw materials equal to 40% of the following quarter's production needs. The desired ending inventory for the fourth quarter is 2,900 pounds. Management plans to pay for 75% of raw material purchases in the quarter acquired and 25% in the following quarter.

1) Prepare the company's production budget for the upcoming fiscal year.

3. Requirement 1: Prepare the company's production budget for the upcoming fiscal year. (Input all amounts as positive values.) Gaeber Industries Production Budget 1st Quarter 2nd Quarter 3rd Quarter 4th Quarter Year 7600 7600 7700 32900 Budgeted unit sales Add desired ending inventory Total units needed Less beginning inventory Required production 10000