$[2$:$26$ p$.$m$.,2024-03-07]$ Roma Dsouza: Oriole State sells electronic products. The controller is responsible for preparing the master budget and has accumulated the information below for the months of January, February, and March.

Cash

Accounts receivable

$$6,270$

$474,400$

Inventories

Accounts payable

$$352,700$

$151,700$

$1.$ Each month's sales are billed on the last day of the month.

$2.$ Customers are allowed a $3\%$ discount if their payment is made within $10$ days after the billing date. Receivables are booked at gross.

The company collects $60\%$ of the billings within the discount period, $25\%$ by the end of the month after the date of sale, and $9\%$ by the end of the second month after the date of sale; $6\%$ prove uncollectible.

It pays $54\%$ of all materials purchases and the selling, general, and administrative expe...

$[2$:$57$ p$.$m$.,2024-03-07]$ Roma Dsouza: Quarter Units of HD$-240$

$1$

$6,600$

$2$

$6,800$

$3$

$8,400$

$4$

$9,500$

$[2$:$58$ p$.$m$.,2024-03-07]$ Roma Dsouza: The January $1,2022,$ inventory of HD$-240$ is $1,500$ units. Management wants an ending inventory each quarter that is equal to $30\%$ of the next quarter's sales. It expects sales in the first quarter of $2023$ to be $20\%$ higher than sales in the same quarter in $2022.$

Prepare quarterly production budgets for each quarter for $2022.$