Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Blue Wave Co predicts the following unit sales for the coming four months: September, 3,900 units: October, 4,600 units; November 6,300 units; and December 8,200

image text in transcribed
image text in transcribed
Blue Wave Co predicts the following unit sales for the coming four months: September, 3,900 units: October, 4,600 units; November 6,300 units; and December 8,200 units. The company's policy is to maintain finished goods inventory equal to 60% of the next month's sales. At the end of August, the company had 1,900 finished units on hand. Prepare a production budget for each of the months of September, October, and November November 8,200 Answer is not complete. Blue Wave Co. Production Budget September, October and November September October Next month's budgeted sales units 4,600 6,300 Budgeted ending Inventory (units) 60 % 60 % 2,340 2.760 X 3,900 4.600 6,240 7,360 Less: Beginning inventory (units) 2,340 Units to be produced 6.240 5,020 60 3,780 6,300 10,080 2.760 % 7,320 > Blue Wave Co. predicts the following unit sales for the coming 6,300 units; and December, 8,200 units. The company's policy month's sales. At the end of August, the company had 1,900 fir Prepare a production budget for each of the months of Septen Blue Wave Co. Production Budget September, October and November September October Next month's budgeted sales (units) 4,600 6,300 Budgeted ending inventory (units) 60% 60% 2,340 2,760 3,900 4,600 6,240 7,360 Budgeted ending inventory (units) 2,340 Ratio of inventory to future sales 6,240 5,020 Required units to be produced

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Governmental and Nonprofit Entities

Authors: Earl R. Wilson, Jacqueline L Reck, Susan C Kattelus

16th Edition

78110939, 978-0078110931

More Books

Students also viewed these Accounting questions