Complete a production budget from the given information: July August September Quarter Budgeted Sales in units 60,000 40,000 70,000 170,000 The company desires an ending inventory balance of 20% of the following month's budgeted sales. The beginning inventory balance at the start of July was 12,000 units. Budgeted sales for October is 50,000 units. July August September Budgeted Sales 60,000 40,000 [ Select) +Desired ending inv. [ Select] [Select) = total needs [ Select) [ Select) [Select V - Beginning inv. 12,000 Select) [ Select) V [ Select) Select = Total Production Select en information: August September Quarter 40,000 70,000 170,000 alance of 20% of the following month's budgeted sales. of July was 12,000 units. Budgeted sales for October August September Quarter 0 40,000 70,000 170,000 [Select) [Select) [Select) [ Select [Select [ Select 0 Select) [Select) [Select) [ Select Select) Select) July August September Quarter Budgeted MHS 2,000 5,000 7,000 14,000 The company's variable overhead rate is $4 per machine hour (MH). Total expected fixed overhead costs are $12,000 per month. Total non-cash fixed overhead expenses are $3,000 per month. July August September Budgeted MHS 2,000 5,000 VMOH rate $4/MH $4/MH VMOH costs Select) [Select) V Select ] FMOH costs [Select] [ Select) [ Select) Total MOH costs [ Select ] [Select) v [ Select [ Select) V Less: non cash expenses [ Select) V [ Select) V Cash disbursements Select) for MOH [Select) Select September Quarter 7,000 14,000 machine hour (MH). Total expected fixed overhead xed overhead expenses are $3,000 per month. August September Quarter 5.000 7,000 0 14,000 $4/MH $4/MH $4/MH v [ Select] [Select] [ Select] v [Select) Select [ Select]