TURNEY COMPANY Production Budget For the Year Ending December 31, 2017 Product HD-240 Quarter 1 4 Year Expected Unit Sales Add Desired Ending Finished Goods Unt Add # I. I Desired Ending Finished Goods Unit Total Required Units Less:Beginning Finished Goods Unit Required Production Units Exercise 21-4 Your answer is partially correct. Try again. Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows. Quarter HD-240 5,400 7,430 8,450 10,230 2 4 The January 1, 2017, inventory of HD-240 is 2,160 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2018 are expected to be 25% higher than sales in the same quarter in 2017. Prepare quarterly production budgets for each quarter and in total for 2017