A B D E F G H J K L M N Function: SUM; Formula: Subtract, Multiply; Cell Referencing Using Excel to Prepare a Production Budget PROBLEM Paige Company estimates that following unit sales and desired inventory level for the first three quarters of the year ending December 31, 2020. 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 totals. Quarter 1 sales 10,000 Prepare a production budget by quarters for the first 6 months of 2020. Quarter 2 sales 14,000 Quarter 3 sales 15,000 2 Desired ending finished goods inventory Paige Company Production Budget based on next quarter's expected unit sales 25% For the Six Months Ending June 30, 2020 Quarter 1 5 Expected unit sales 10,000 Quarter 2 14,000 Six Months 5 7 Add: Desired ending finished goods units 2,500 3,500 Total required units , Less: Beginning finished goods units 3 Required production units