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Use the following data to prepare the sales budget and the production budget for 2021: Period First quarter Second quarter Third quarter Fourth quarter 2021

Use the following data to prepare the sales budget and the production budget for 2021: Period First quarter Second quarter Third quarter Fourth quarter 2021 2021 2021 2021 Sales quantity 5000 7000 4000 6000 units units units Units Sales price per unit 40 40 40 50 The beginning inventory 1000 units The ending production inventory = 10% of the sales units for the same quarter The Sales budget for 2021 Period First quarter Second Third quarter Fourth quarter Total quarter Year The production budget for 2021 Period First quarter Second Third quarter Fourth quarter Total quarter Year

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