Question
Answer the following question: (Show all work and steps) Nelson Co. has the following sales in units budgeted for the first quarter of 2022: Sales
Answer the following question: (Show all work and steps)
Nelson Co. has the following sales in units budgeted for the first quarter of 2022:
Sales in Units | |
January | 5200 |
February | 5700 |
March | 6300 |
April | 6900 |
The desired ending inventory at the end of each month should be equal to 25% of the following months budgeted sales (this policy also applies to the year of 2021).
Round your answer to the nearest WHOLE NUMBER.
Prepare a production budget for the month of March and answer the following questions.
1. Compute the desired ending inventory for the month.
2. Compute the total inventory needed for the month.
3. Compute the beginning inventory for the month.
4. Compute the units to produce for the month.
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