Your answer is partially correct. Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2020 sales forecast is as follows. Quarter HD-240 1 5,100 2 7,410 3 8,180 4 10,470 The January 1, 2020, inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. 4 10.470 The January 1, 2020. inventory of HD-240 is 2,040 units. Management desires an ending inventory each quarter equal to 40% of the next quarter's sales. Sales in the first quarter of 2021 are expected to be 25% higher than sales in the same quarter in 2020. Prepare quarterly production budgets for each quarter and in total for 2020. TURNEY COMPANY Production Budget For the Year Ending December 31, 2020 Product HD-240 Quarter 1 2 3 8180 7410 5100 4188 3272 2964 Quarter 2 Direct Materials Purchases 5100 7410 T I Add Desired Ending Finished Goods Unit V 2964 3272 Total Required Units 8064 10682 Less V . Beginning Finished Goods Unit 2040 2964 Required Production Units 6024 7718 Product HD-240 Quarter 1 2 3 4 5100 7410 8180 10470 2964 3272 4188 2550 8064 10682 12368 12720 2040 2964 3272 i 4188 6024 7718 9096 8532 4 Year 4 3 2 10470 8180 7410 2550 4188 3272 12368 12720 10682 4188 2964 3272 i i 9096 8532 7718 31370