Question: 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

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 four quarters of the year ending December 31, 2022 Student Work Area Required: Provide input into cels 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 Paige Company Production Budget For the Six Months Ending June 30, 2022 Quarter 1 Quarter 2 10,000 14,000 Quarter 1 sales 10,000 30 Quarter 2 sales 14.000 11 Quarter 3 sales 15,000 12 Quarter 4 sales 18.000 1 Desired ending finished goods inventory 14 based on next quarter's expected unit Sales 25% 11 Unit selling price $ 70.00 10 Prepare a production budget by quarters for the first 6 months 10 of 2022 Six Months Expected unit sales Add Less 20 22

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