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The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal...

The marketing department of Jessi Corporation has submitted the following sales forecast for the upcoming fiscal year: Budgeted sales (units): Quarter 1 - 8,000 Quarter 2 - 10,000 Quarter 3 - 12,000 Quarter 4 - 11,000 The selling price of the company's product is $20 per unit. The company expects to start the first quarter with 2,000 finished goods inventory. Management desires an ending finished goods inventory in each quarter equal to 15% of the next quarter's budgeted sales. The desired ending finished goods inventory for the fourth quarter is 2,250 units.

Required: 1. Prepare the company's sales budget. 2. Prepare the company's production budget for the upcoming fiscal year.

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