Vaughn Enterprises is a boutique guitar manufacturer. The company produces both acoustic and electric guitars for rising and established professional musicians. Vanessa Aaron, the companys sales manager, prepared the following sales forecast for 2018. The forecasted sales prices include a 5% increase in the acoustic guitar price and a 10% increase in the electric guitar price, to cover anticipated increases in raw materials prices.

		Sales Price			1st Quarter			2nd Quarter			3rd Quarter			4th Quarter
Acoustic guitar sales		$1,290			200			260			300			310
Electric guitar sales		$2,380			390			340			300			370

On December 31, 2017, Vaughn had 30 acoustic guitars in stockfewer than the desired inventory level of 80 guitars, based on the following quarters sales. The company has budgeted for sales of 240 acoustic guitars in the first quarter of 2019. Prepare the 2018 production budget for acoustic guitars.
Production Budget
	1st Quarter	2nd Quarter	3rd Quarter	4th Quarter	Annual
Budgeted unit sales
Budgeted ending inventory
Total units required
Beginning inventory
Budgeted production