A Management Accounting student has been tasked to produce a production volume budget for a company.

They have been provided the following information

Sales for January, February and March have been forecast to be 1500,1700 and 2500 respectively.

Inventories of finished goods

January 2,000

The closing inventory of finished goods at the end of January, February and March must be equal to 60% of the forecast sales for the following month

Sales in April is expected to be 4000 units

Production in April is expected to be 3400 units

Required

Complete the working for the production budget below

Production Volume Budget

Enter values to the nearest whole number with a - (minus) sign if it is being subtracted e.g. -100

	January	February	March	April
Opening Stock	Answer 1	Answer 2	Answer 3
Closing Stock	Answer 4	Answer 5	Answer 6	Answer 7
ProductionVolume	Answer 8	Answer 9	Answer 10