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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
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 May 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 Closing Stock Production Volume
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