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XO Manufacturing's sales budget showed the following projections, by quarter, for the next six quarters:...

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Accounting

XO Manufacturing's sales budget showed the following projections, by quarter, for the next six quarters:
Quarter1st 20212nd 20213rd 20214th 20211st 20222nd 2022
Units12,00013,00015,00016,00015,00014,000
Inventory on December 31 of 2020 is expected to be 2,400 units.
The quantity of finished goods inventory at the end of each quarter is to equal
20% of the next quarter's budgeted units to be sold.
Required: Prepare a Production Budget for XO for 2021 showing each quarter and the year.

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