Total sales revenue $184,000 $215,000 $255,000 $196,000 Number of jars sold 150,000 180,000 214,000 162,500 1st quarter 2nd quarter 3rd quarter 4th quarter Prepare the production budget by first calculating the total units needed, then calculate the units to produce. Smith Foods Production Budget For the Quarters in the Upcoming Year Quarter 1 Quarter 2 Quarter 3 Quarter 4 Year Unit sales Plus: Desired ending inventory Total needed Smith anticipates selling 225,000 jars with total sales revenue of $266,000 in the first quarter of the year following the year given in the preceding table. Smith has a policy that the ending inventory of jars must be 20% of the following quarter's sales. Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total