The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year: Budgeted sales (units): Quarter 1 - 8,000 Quarter 2 - 10,000 Quarter 3 - 12,000 Quarter 4 - 11,000 The selling price of the company's product is $20 per unit. The company expects to start the first quarter with 2,000 finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,250 units.

Required: 1. Prepare the company's sales budget. 2. Prepare the company's production budget for the upcoming fiscal year.