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2. 3. 2. Benet Company has budgeted the following unit sales: 2013 Quarter Units 105,000 60,000 75,000 The finished goods inventory on hand on December
2.3.
2. Benet Company has budgeted the following unit sales: 2013 Quarter Units 105,000 60,000 75,000 The finished goods inventory on hand on December 31, 2012 was 21,000 units. It is the company's policy to maintain a finished goods inventory at the end of each quarter equal to 20% of the next quarter's anticipated sales. Prepare a production budget for Quarter 1 & 2. | Expected unit sales | Desired Ending FG | Total required units | Less Begin FG Required production units 3. Pitt Corp. makes and sells a single product, widgets. Two pounds of sand are needed to make one widget. Budgeted production of widgets for the next few months follows: September 25,000 units October 31,000 units The company wants to maintain monthly ending inventories of sand equal to 20% of the following month's production needs. On August 31, 10,000 pounds of sand were on hand. How much sand should be purchased in SeptemberStep by Step Solution
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