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Budget 4 Nicola Elkins Company expects sales volume to be 3000 units in the first quarter of year 2017, with 500- unit increases in each

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Budget 4 Nicola Elkins Company expects sales volume to be 3000 units in the first quarter of year 2017, with 500- unit increases in each succeeding quarter. Nicola Co. believes it can meet future sales requirement by maintaining an ending inventory equal to 20% of the next quarter's budgeted sales volume. The ending desired ending finished goods balance is 1000 units and the beginning finished goods balance is 700 units. Nicola Required production * budget for Quarter 2 is (be 3)

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