Bailey Company expects to sell 1 comma 500 units of finished product in January and 1 comma 750 units in February. The company has 180 units on hand on January 1 and desires to have an ending inventory equal to 80% of the next month's sales. March sales are expected to be 1 comma 820 units. Prepare Bailey's production budget for January and February. Select the labels, enter the amounts and prepare the production budget for January. Then, prepare the production budget for February. Bailey Company Production Budget Two Months Ended January 31 and February, 28 January Budgeted units to be sold 1500 Plus: Desired units in ending inventory Total units needed Less: Units in beginning inventory 180 Budgeted units to be produced February 1750 364 1400