Thomas Cycles manufactures chainless bicycles. On March $31,$ Thomas Cycles had $321$ bikes in inventory. The company has a policy that the ending inventory in any month must be $3$

of the following month's expected sales. Thomas Cycles expects to sell the following number of bikes in each of next four months:

$($Click the icon to view the data$)$

Prepare a production budget for the second quarter, with a column for each month and for the quarter.

Thomas Cycles

Production Budget

For the Months of April through June

Data table

April. $..................1,070$ bikes

May $...............1,120$ bikes

June. $..................1,360$ bikes

July $.................1,270$ bikes