Question
Bookmarks Corporation has budgeted sales of its books for next four months as follows: Month Units Sold July 20,000 August 25,000 September 35,000 October 40,000
Bookmarks Corporation has budgeted sales of its books for next four months as follows:
Month Units Sold
July 20,000
August 25,000
September 35,000
October 40,000
The company is preparing a production budget for 3rd quarter. Ending inventory level must equal to 20% of next month's sales.
Required:
a. Calculate the ending inventory as of September 30.
b. Calculate the total production budget for 3rd quarter.
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Accounting For Non-Accounting Students
Authors: John R. Dyson, Ellie Franklin
9th Edition
978-1292128979, 1292128976
