Question
Blossom Company estimates that unit sales will be 9,700 in quarter 1; 12,000 in quarter 2; 14,600 in quarter 3; and 18,300 in quarter 4.
Blossom Company estimates that unit sales will be 9,700 in quarter 1; 12,000 in quarter 2; 14,600 in quarter 3; and 18,300 in quarter 4. Management wants to have an ending finished goods inventory equal to 21% of the next quarters expected unit sales. Prepare a production budget by quarters for the first six months of 2022.
BLOSSOM COMPANY Production Budget For the Six Months Ending June 30, 2022 | |||||||
---|---|---|---|---|---|---|---|
Quarter | Total | ||||||
1 | 2 | ||||||
select an opening production budget item Beginning finished goods inventoryTotal required unitsExpected unit salesDesired ending finished goodsRequired productions in units | enter a number of units | enter a number of units | enter a number of units | ||||
select between addition and deduction AddLess: select a production budget item Desired ending finished goodsExpected unit salesRequired productions in unitsTotal required unitsBeginning finished goods inventory | enter a number of units | enter a number of units | enter a number of units | ||||
select a summarizing line for the first part Desired ending finished goodsRequired productions in unitsBeginning finished goods inventoryTotal required unitsExpected unit sales | enter a total number of units for the first part | enter a total number of units for the first part | enter a total number of units for the first part | ||||
select between addition and deduction AddLess: select a production budget item Beginning finished goods inventoryDesired ending finished goodsTotal required unitsRequired productions in unitsExpected unit sales | enter a number of units | enter a number of units | enter a number of units | ||||
select a closing production budget item Total required unitsExpected unit salesRequired productions in unitsBeginning finished goods inventoryDesired ending finished goods | enter a total number of units | enter a total number of units | enter a total number of units |
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