Check my work 19 20 points Symphony Electronics produces wireless speakers for outdoor use on patios, decks, etc. Their most popular model is the All Weather and requires four separate XL12 components per unit. The company is now planning raw material needs for the second quarter. Sales of the All Weather are the highest in the second quarter of each year as customers prepare for the summer season. The company has the following inventory requirements: a. The finished goods inventory on hand at the end of each month must be equal to 16,000 units plus 10% of the next month's sales. The finished goods Inventory on March 31 is budgeted to be 28,000 units. b. The raw materials inventory on hand at the end of each month must be equal to 20% of the following month's production needs for raw materials. The raw materials inventory on March 31 for XL 12 is budgeted to be 98,400 components. C. The company maintains no work in process inventories. A sales budget for the All Weather speaker is as follows: eBook Print References April May June July August Budgeted Sales in Units 120,000 150,000 210,000 106,000 60,000 Required: 1. Prepare a production budget for the All Weather for April, May, June and July. April 120,000 May 150,000 June 210,000 Budgeted sales (unils) July 106,000 Total needs 120,000 150,000 210,000 106,000 Required production 120,000 150,000 210,000 106,000