Chapter 8 - Homework Exercise 8-2 Production Budget (LO8-3] 0.66 Down Under Products Ltd. of Australia has budgeted sales of its popular boomerang for the next four months as follows: Unit Sales April May Book 128,000 99,000 P References The company is now in the process of preparing a production budget for the second quarter. Past experience has shown that end of month inventory levels must equal 15% of the following month's unit sales. The inventory at the end of March was 13.200 units Required: Prepare a production budget by month and in total, for the second quarter. Down Under Products, Lid. Production Budget April May June Quarter Budgeted units sales Total needs oooo