QUESTION 3 Totz Company produces jump ropes. Totz Company has the following sales projections for the upcoming year: First quarter budgeted jump rope sales in units 21,000 Second quarter budgeted jump rope sales in units 35,000 Third quarter budgeted jump rope sales in units 22,000 Fourth quarter budgeted jump rope sales in units 30,000 Inventory at the beginning of the year was 4,200 jump ropes. Totz Company wants to have 20% 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? 21,000 23,800 e 32,200 16,800 O None of the above