Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming year: First quarter budgeted jump rope sales in units 17,000 Second quarter budgeted jump rope sales in units 40,000 Third quarter budgeted jump rope sales in units 15,000 Fourth quarter budgeted jump rope sales in units 1 3 4,000 Inventory at the beginning of the year was 4500 jump ropes. Totz Company wants to have 10% of the next quarter's sales in units on hand at the end of each quarter. How many jump ropes should Totz Company produce during the first quarter? O 25,500 O 12,500 O 17,000 O 16,500