Question
ACCOUNTING HOMEWORK HELP! Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows. Quarter HD-240 1 5,300 2
ACCOUNTING HOMEWORK HELP!
Turney Company produces and sells automobile batteries, the heavy-duty HD-240. The 2017 sales forecast is as follows.
| Quarter | HD-240 | |
|---|---|---|
| 1 | 5,300 | |
| 2 | 7,300 | |
| 3 | 8,460 | |
| 4 | 10,270 |
The January 1, 2017, inventory of HD-240 is 2,120 units. Management desires an ending inventory each quarter equal to 40% of the next quarters sales. Sales in the first quarter of 2018 are expected to be 25% higher than sales in the same quarter in 2017. Prepare quarterly production budgets for each quarter and in total for 2017.
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve
9th Edition
0324381921, 978-0324381924
