Question
Projected unit sales for Astor Corp. for the last quarter of 2019 are: October 10,000 November 15,000 December 20,000 Total 45,000 Finished goods inventory on
Projected unit sales for Astor Corp. for the last quarter of 2019 are:
October | 10,000 |
November | 15,000 |
December | 20,000 |
Total | 45,000 |
Finished goods inventory on September 30, 2019 was 3,000 units.
Projected sales for January are 25,000 units.
The sales price is $100 per unit.
The company tries to keep ending finished goods inventory of 10% of the following month's expected sales.
a)what would a Sales Budget in units and dollars by month (October, November and December along with the 4th quarter total) look like.
b) produce Purchases Budget in units for each month (October, November and December along with the 4th quarter total).
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