The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year:

	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter
Budgeted sales (units)	9,100	11,100	13,100	12,100

The selling price of the companys product is $31 per unit. Management expects to collect 60% of sales in the quarter in which the sales are made and 35% in the following quarter; 5% of sales are expected to be uncollectible. The beginning balance of accounts receivable, all of which are expected to be collected in the first quarter, is $91,500.

The company expects to start the first quarter with 2,550 units in finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarters budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,800 units.

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