PROBLEM 3. (SHOW ALL YOUR COMPUTATIONS) ABC Manufacturing Company makes Tshirts and sells them for $10.50 each. The Marketing Manager prepared the following sales forecast for the rst quarter of 2022: January 250,000 units February 200,000 units March @300 units Total for the Quarter 630,000 units The policy of the company is to maintain 10% of the next month's forecasted sales in ending inventory. J anuary's beginning inventory was 18,000 units. April sales are expected to be 160,000 units. Required: Prepare a sales budget and a production budget for each month of the quarter and for the quarter. Use the following tables: ABC Manufacturing Company Sales Budget For the First Quarter of 2022 January February March Quarterly Totals Projected Sales Price per Unit Total Projected Sales ABC Manufacturing Company Production Budget For the First Quarter of 2022 January February March Quarterly Totals Projected Sales + Desired Ending Inventory Projected Needs - Beginning Inventory Projected Production