Atlantic Surf manufactures surfboards. The company$$s budgeted sales units for the next three months is shown below. Company policy is to maintain finished goods inventory equal $($in units$)$ to $40\%$ of the next month$$s unit sales. As of June $30,$ the company has $1,840$ finished surfboards in inventory.Ch $20$: Assignment i

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QS $20-7($Algo$)$ Manufacturing: Production budget LO P$1$

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Atlantic Surf manufactures surfboards. The company's budgeted sales units for the next three months is shown below. Company policy is to maintain finished goods inventory equal $($in units$)$ to $40\%$ of the next month's unit sales. As of June $30,$ the company has $1,840$ finished surfboards in inventory.

$\backslash$table$[[,$July,August,September$],[$Budgeted sales units,$4,600,6,600,3,000]]$

Prepare the production budget for the months of July and August.

$\backslash$table$[[$ATLANTIC SURF,$],[$Production Budget,,$],[$Budgeted sales units,,$],[$Add: Desired ending inventory,,$],[$Next period budgeted sales units,,$],[$Ratio of inventory to future sales,,$],[$Desired ending inventory units,,$],[$Total required units,,$],[$Less: Beginning inventory units,$4,600,],[$Units to be produced,,$6,600]]$

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