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24 of Use the following to answer questions 24-25: The TS Company has budgeted sales for the year as follows: Sales in units Quarter 1
24 of Use the following to answer questions 24-25: The TS Company has budgeted sales for the year as follows: Sales in units Quarter 1 Quarter 2 Quarter 3 Quarter 4 13,000 15,000 11,000 17,000 The ending inventory of finished goods for each quarter should equal 20% of the next quarter's budgeted sales in units. The finished goods inventory at the start of the year is 2,500 units. Four pounds of raw materials are required for each unit produced. Raw materials on hand at the start of the year total 4,200 pounds. The raw materials inventory at the end of each quarter should equal 5% of the next quarter's production needs in material. Scheduled production for the third quarter should be: Select one: a. 13,400 units O b. 15,400 units O c. 15,100 units O d. 14,600 units
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