Tulum Inc. makes a Mexican chocolate mix. In the first 4 months of the coming year, Tulum expects the following unit sales:

January............................22,000

February...........................20,000

March..............................30,000

April...............................31,000

Tulum's policy is to have 20% of next month's sales in ending inventory. On January 1, it is expected that there will be 1,300 boxes of the chocolate mixture on hand.

Required:

Prepare a production budget for the first quarter of the year. Show the boxes that should be produced each month as well as for the quarter in total.