Question: 2 Function: SUM; Formula: Subtract, Multiply; Cell Referencing Using Excel to Prepare a Production Budget PROBLEM Paige Company estimates that following unit sales and

2 Function: SUM; Formula: Subtract, Multiply; Cell Referencing Using Excel to Prepare a Production Budget PROBLEM Paige Company estimates that following unit sales and desired 6 inventory level for the four quarters of the year ending December 31. 72022 Student Work Area Required: Provide input into cells shaded in yellow in this template. Use mathematical formulas with cell references to the Problem area or this work area as indicated. Use the SUM function with cell referencing for fotals Paige Company Production Budget For the Six Months Ending June 30, 2022 10,000 14,000 15,000 18,000 Expected unit sales 25% $70.00) Add: Required production units " Quarter 1 sales 10 Quarter 2 sales 11 Quarter 3 sales 12 Quarter 4 sales 13 Desired ending finished goods inventory 14 15 Unit selling price 16 based on next quarter's expected unit sales 17 Prepare a production budget by quarters for the first 6 months of 18 2022. 19 30 21 32 Less Quarter 1 10,000 Quarter 2 14,000 Six Months

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