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9) Massy Automotive produces and sells automotive batteries. The sales forecast for 2019 is as follows: Quarter # 1 Quarter #2 Quarter #3 Quarter #4

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9) Massy Automotive produces and sells automotive batteries. The sales forecast for 2019 is as follows: Quarter # 1 Quarter #2 Quarter #3 Quarter #4 6,000 7,000 9,000 10,000 At the start of the year there were 1,500 batteries in stock. Management wants to an ending inventory each quarter equal to 30% of the next quarter's projected sales. Sales in the first quarter of 2020, is expected to be 25% higher than the sales in the same quarter of 2019. Required: Prepare a production budget for each quarter of 2019. 10 Marks

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