y Quiz: Chapter 9 Quiz Time Remaining: 00:56:48 Submit Quiz This Quiz: 5 pts possible This Question: 1 pt 2 of 5 (0 complete) McKnight anticipates selling 223,000 jars with total sales revenue of $260,000 in the first quarter of the year following the year given in the preceding table. McKnight has a policy that the ending inventory of jars must be 30 % of the following quarter's sales. McKnight Foods produces specialty soup sold in jars. The projected sales in dollars and jars for each quarter of the upcoming year are as follows: T Total sales revenue Number of jars sold $186,000 1st quarter 151,000 Requirement Prepare a production budget for the year that shows the number of jars to be produced each quarter and for the year in total. 2nd quarter $216,000 181,500 $258,000 3rd quarter 214,500 4th quarter 163,500 $199,000 budget by first calculating the total units needed, then calculate the units to produce. Prepare the prode McKnight Foods Production Budget For the Quarters in the Upcoming Year Quarter 4 Year Quarter 2 Quarter 3 Quarter 1 Unit sales Plus: Desired ending inventory Total needed Enter any number in the edit fields and then continue to the next question. sC