Do It! Review 9-2 Pargo Company is preparing ts master budget for 2017. Relevant data pertaining to its sales, production, and direct materials budgets are as follows. sales. Sales for the year are expected to total 1,700,000 units, Quarterly sales are 22%, 27%, 27%, and 24%, respectively. The sales price is ex first three quarters and $45 per unit 2017 expected to be $42 per unit for the begin n ng in the fourth quarter. Sales in the first quarter of 2018 are expectedto be 15% higher than the budgeted sales for the first quarter Preactor. Management desires to maintain the ending finished goods inventories at 20% of the next quarter's budgeted sales volume. prea aterial Each out rea res 2 pounds ran materials at a cost o S12 per pound Hanageme production requirements. Assume the production requirements for first quarter of 2018 are 493,000 pounds. nt desires to maintain raw materials inventories at 10% of the next quarter's Prepare the sales, production, and direct materials budgets by quarters for 2017 Quarter Total sales Production Budget