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Trader Cycles manufactures chainless bicycles. On March 31, Trader Cycles had 318 bikes in inventory. The company has a policy that the ending inventory in

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Trader Cycles manufactures chainless bicycles. On March 31, Trader Cycles had 318 bikes in inventory. The company has a policy that the ending inventory in any month must be 30% of the following month's expected sales. Trader 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. Trader Cycles Production Budget For the Months of April through June April May June Quarter Unit sales Plus: Desired ending inventory Total needed Less: Beginning inventory Units to produce April ..... 1,060 bikes l a v . . . . . . . . . . . . 1,120 bikes . . . . . . . . June. ... 1,320 bikes 1,260 bikes

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